Blue Sphere Completes Financing

US$3,000,000 Debt Financing to Enhance Working Capital Position CHARLOTTE, NC BLSP,(Marketwired Dec 29, 2015) Blue Sphere Corp. (OTCQB: BLSP) (the Company or Blue Sphere ), a clean energy company that acquires, develops, manages and owns waste-to-energy projects globally, announced today that on December 23, 2015 the Company closed on a debt financing round of US$3,000,000 consisting of the Company s Notes and warrants to purchase shares of Common Stock. The Notes sold in the financing have a face value of $3,000,000 and after commissions and selling expenses, the Company received net proceeds of $2,672,000. The Company worked with Maxim Group, LLC, a New York based investment banking firm to offer and sell the Notes. The proceeds of the financing will be used for general business activities. This financing at the corporate level will allow the Company to further focus on its pipeline of acquisition targets in Italy as well as further develop opportunities in the United States. Blue S
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