Correlate Energy, which provides tech-enabled services for efficiency upgrades to commercial real estate, filed on Monday with the SEC to raise up to $14 million in an initial public offering. The company is currently listed on the OTC under the symbol "CIPI".
Correlate Energy provides property owners and REITs with access to energy experts and solutions via a software-driven process, with end-to-end engineering, finance, project management, and fulfillment services for all major facility energy improvements. The company manages client opportunities with experts, solutions, and execution resources across the client's entire portfolio.
The Boise, ID-based company was founded in 2016 and booked $7 million in revenue for the 12 months ended June 30, 2023. It plans to list on the NYSE under the symbol CIPI. Aegis Capital Corp. is the sole bookrunner on the deal. No pricing terms were disclosed.
