WorldWater & Power completes a recapitalization

WorldWater & Power, which builds solar-powered water pumping systems and grid-tied solar farms, announced a $4.45M financing and recapitalization last week. The company is publicly traded over the counter (OTCBB: WWAT), but this private placement was led by a hedge fund, CAMOFI Master LDC. It's a tranched placement with certain performance conditions.