SolarJuice, a provider of solar energy equipment and services being spun out of SPI Energy, submitted a blank filing on Tuesday, after setting terms this past January. It most recently planned to raise $17 million by offering 3 million shares at a price range of $5 to $6. In its latest filing, the company also added Freedom Capital Markets as an underwriter, and disclosed financials for the six months ended June 30, 2023.
SolarJuice provides solar photovoltaic (PV) based energy solutions for residential and small commercial building markets in Australia and the US. The company wholesales and distributes PV modules, solar energy inverters, batteries and storage devices, other solar balance of system components, and accessories to commercial customers located in every state and territory of Australia. The company is also a roofing contractor, and resells and installs solar energy systems to residential and commercial customers in five states in the US. It also designs, manufactures, and sells PV modules and related products to customers.
The Sydney, Australia-based company was founded in 2017 and booked $180 million in revenue for the 12 months ended June 30, 2023. It plans to list on the Nasdaq under the symbol SJA. Maxim Group LLC and Freedom Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.
