SinglePoint, which is holding company with primary interests in solar and air purification equipment, raised $4 million by offering 0.8 million shares at $5, as expected. The company offered 0.2 million fewer shares than anticipated.
Because the company raised less than $5 million and has a market cap of less than $50 million at pricing, SinglePoint will be excluded from Renaissance Capital's 2023 IPO stats.
The company was previously listed on the OTC under the symbol "SING".
SinglePoint is a diversified holding company focused on providing integrated solar energy solutions and air purification technologies. The company primarily conducts business through its subsidiaries Boston Solar, a solar panel installation company, and Box Pure Air, a distributor of air purification equipment. SinglePoint also has ownership interests outside of its primary solar and air purification businesses (noncore businesses), which include an agriculture products supplier, a marketing firm focused on the solar industry, and an automotive tech company.
SinglePoint plans to list on the BZX under the symbol SING. Alexander Capital acted as sole bookrunner on the deal.
