SinglePoint changes terms of Nasdaq up-listing

US renewable energy firm SinglePoint Inc (OTCQB:SING) has revised upwards the terms of its planned up-listing to the Nasdaq stock exchange by increasing the number of shares to be offered to more than 1.57 million.

The transaction now targets gross proceeds of up to USD 7.87 million (EUR 7.19m), assuming an offering price of USD 5.00 per share, the updated prospectus shows.

SinglePoint, which provides renewable energy solutions and energy-efficient applications, filed to up-list its shares in June. It originally planned to offer one million shares.

The Phoenix, Arizona-based firm is currently listed on the OTC Markets where its shares last traded 3.82% lower at USD 5.04.

(USD 1 = EUR 0.914)

Choose your newsletter by Renewables Now. Join for free!