EvoAir Holdings, a Malaysia-based maker of "eco-friendly" HVAC systems, filed on Tuesday with the SEC to raise up to $15 million in an initial public offering. The company is currently listed on the OTC under the symbol "EVOH".
Evoair Holdings is principally engaged in the development, manufacturing, sale, and marketing of "eco-friendly" heating, ventilation, and air conditioning (HVAC) products for residential, commercial, and industrial uses. The company's HVAC systems utilize proprietary Heat Emission Control System technology, and its product portfolio includes air-conditioner brand EvoAir and portable air-conditioner brand e-Cond EVO. Evoair operates manufacturing facilities in China and Malaysia.
The Kuala Lumpur, Malaysia-based company was founded in 2017 and plans to list on either the Nasdaq or the NYSE American under the symbol EVOH. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.
