Sept 3 (Reuters) -

* LUMIO FILES VOLUNTARY PETITIONS FOR CHAPTER 11 RELIEF TO

EFFECTUATE SALE TRANSACTION AND STRENGTHEN FINANCIAL POSITION

* LUMIO: FILES FOR CHAPTER 11 RELIEF WITH STALKING HORSE BID

FROM

AFFILIATE OF WHITE OAK GLOBAL ADVISORS, LLC

* LUMIO: OPERATIONS CONTINUE AS USUAL WITH NO EXPECTED

DISRUPTION

TO OPERATIONS OR RESIDENTIAL SOLAR PROJECTS

* LUMIO: IF SELECTED AS SUCCESSFUL BIDDER, WHITE OAK INTENDS

TO

OFFER SIGNIFICANT EQUITY OWNERSHIP TO CO'S EMPLOYEES

* LUMIO: WHITE OAK PROPOSES TO BUY SUBSTANTIALLY ALL OF CO'S

ASSETS FOR ABOUT $100 MILLION IN FORM OF A CREDIT BID

* LUMIO: ENTERED INTO AGREEMENT WITH WHITE OAK TO RECEIVE $8

MILLION OF DIP FINANCING

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