The company also embarks on rooftop solar projects for home builders and real estate developers in California, while scaling back in other states due to subdued demand, staying true to its mantra of prioritizing profitability.
SolarJuice Raises Range For $45M US IPO : Use of IPO Proceeds
In its narrative to the U.S. Securities and Exchange Commission, SolarJuice sketches out its vision of channeling most IPO proceeds towards expanding U.S. manufacturing prowess in solar modules and cells, and amplifying its workforce. Additionally, plans are afoot to broaden its distribution arm in Australia.
Backing from Giants: Investment Interest in SolarJuice
Linton Crystal Technologies Corp. and Hite Hedge Asset Management LLC have shown a keen interest in investing up to $10 million in SolarJuice’s IPO, a testament to the company’s potential in the solar saga.
Parental Support: SPI Energy’s Role
SolarJuice, nurtured under the wings of parent company SPI Energy, a renewable energy maverick based in Santa Clara, California, will continue to bask under SPI’s majority shareholding post-IPO.
SolarJuice Raises Range For $45M US IPO: SolarJuice’s Market Entry
Amidst a lukewarm IPO market in late 2023, SolarJuice is set to sail, joining the fleet of several large companies eyeing December for their IPO launch. The exact date for SolarJuice’s market debut remains shrouded in mystery, with company representatives yet to respond to inquiries.
