SolarJuice Revives Nasdaq Listing Terms

Nov 29, 2023 05:40 PM ET
  • SolarJuice Co Ltd is about to launch a USD 54 million IPO in the US. Get in now and invest in SolarJuice with 9 million ordinary shares ranging from USD 4-6. Maxim Group and Freedom Capital Market are the underwriters. Don't miss out!
SolarJuice Revives Nasdaq Listing Terms

SolarJuice Co Ltd has now set new terms for its planned Initial Public Offering (IPO) in the US, targeting gross proceeds of up to USD 54 million to be used to expand its business both at home and abroad. The offering consists of nine million ordinary shares, with a price range of USD 4.00 to USD 6.00 per share. Two companies have indicated that they will spend a total of up to USD 10 million to buy shares in the transaction. The majority of the proceeds will be used to expand the US manufacturing factory for solar modules and solar cells and enhance its distribution business. The remainder will be allocated to R&D and other general corporate purposes. Maxim Group and Freedom Capital Market are the underwriters for the IPO.

What Will SolarJuice Co Ltd's IPO Raise?

  • SolarJuice Co Ltd's IPO is targeting gross proceeds of up to USD54 million.
  • This offering consists of nine million ordinary shares, priced between USD4.00 and USD6.00 per share.
  • Two companies have agreed to invest upto USD10 million to purchase shares of the IPO.
  • The majority of the proceeds from the IPO will be used to expand US manufacturing for solar modules and cells, and to enhance distribution business.
  • The remaining proceeds will be allocated to R&D and other general corporate purposes.
  • Maxim Group and Freedom Capital Market are the underwriters for the IPO.
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