 SANTA CLARITA, Calif., April 07, 2021 GLOBE NEWSWIRE -- BioSolar, Inc. OTC: BSRC, a developer of energy technologies, today announced that it closed its previously announced registered direct offering, for the sale, under a securities purchase agreement with a single institutional investor, of 125,000,000 shares of common stock or common stock equivalents in lieu thereof and warrants to purchase up to an aggregate of 125,000,000 shares of common stock. The combined purchase price for one share of common stock or common stock equivalent in lieu thereof and a warrant to purchase one share of common stock was 0.04. The warrants have an exercise price of 0.04 per share, are immediately exercisable and will expire five years from the issuance date. 