Elawan bags Google PPA for 37-MW solar project in Texas
Sep 19, 2024 13:49 CESTAustralian solar systems maker SolarJuice Co Ltd has set the terms of its planned initial public offering (IPO) in the US, with the transaction seeking up to USD 22.5 million (EUR 20.6m) in gross proceeds from the sale of 2.5 million ordinary shares.
SolarJuice, a unit of renewable energy company SPI Energy Co Ltd (NASDAQ:SPI), expects its shares to be priced at between USD 7 and USD 9 apiece, the prospectus shows. At the top end of the targeted IPO range, the company’s market capitalisation could reach USD 247.5 million, based on the number of shares outstanding.
Linton Crystal Technologies Corp, a maker of furnaces for producing monocrystalline ingots, has indicated a non-binding interest to participate in the IPO and invest up to USD 5.1 million in SolarJuice shares.
Sydney-headquartered SolarJuice filed for the IPO in mid-September. It has applied to list its shares on the Nasdaq stock exchange under the symbol SJA.
(USD 1 = EUR 0.917)
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