SolarJuice Co Ltd, a prominent player in the solar photovoltaic (PV) energy sector, has reignited its plan to go public in the United States. This move marks a resurgence of their initial intentions, which were first put forth in September 2022. Initially, the company had sought to raise USD 22.5 million (EUR 21.1 million) in gross proceeds from the sale of 2.5 million ordinary shares. However, in January, they decided to scale the offering to a maximum of USD 18 million by adjusting the targeted price range for their shares. This strategic pivot aligns with the evolving dynamics of the renewable energy market and investor sentiment.
SolarJuice’s listing will be on the Nasdaq stock exchange under the trading symbol SJA. Notably, Linton Crystal Technologies Corp, a manufacturer of furnaces for producing monocrystalline ingots, remains a cornerstone investor in the revived initial public offering (IPO). However, their investment amount has yet to be disclosed, emphasising the fluid nature of investment negotiations in the renewable energy sector. The underwriter for this IPO is Maxim Group, a prominent financial services firm specialising in capital markets.
