Solar-based Energy Solutions Provider SolarJuice Files for a $40 million IPO – EQ Mag Pro

SolarJuice, a provider of solar photovoltaic-based energy solutions being spun out of SPI Energy, filed on Friday with the SEC to raise up to $40 million in an initial public offering.

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 $159 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol SJA. SolarJuice filed confidentially on June 11, 2021. Maxim Group LLC is the sole bookrunner on the deal. No pricing terms were disclosed.

Source: renaissancecapital