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Energys Group (NASDAQ: ENGS) has successfully completed its Initial Public Offering (IPO), raising gross proceeds of $10.125 million. The company offered 2,250,000 ordinary shares at $4.50 per share, with trading commencing on the Nasdaq Capital Market on April 1, 2025.
The underwriters have a 45-day option to purchase up to 337,500 additional shares. American Trust Investment Services acted as the representative underwriter for this firm commitment offering.
The proceeds will be utilized for:
- UK operating network expansion
- Inventory procurement
- Establishing US subsidiaries
- Pursuing M&A opportunities
- Expanding R&D capabilities
- Repaying bank borrowings
- General working capital
Energys Group (NASDAQ: ENGS), a UK-based provider of energy efficiency and decarbonization solutions, has successfully completed its initial public offering (IPO) on the Nasdaq. The company, which specializes in energy-saving technologies, renewable energy products, and proprietary LED lighting systems, raised $10.125 million in gross proceeds through the offering of 2,250,000 shares priced at $4.50 per share.
American Trust Investment Services (ATIS) served as the sole underwriter for the IPO. The net proceeds will be allocated towards system enhancements, expansion of service offerings, sales and distribution channels, talent development and retention, working capital, and other general corporate purposes.
Energys Group (NASDAQ: ENGS) has announced the pricing of its initial public offering of 2,250,000 ordinary shares at $4.50 per share, raising gross proceeds of $10.125 million. The company's shares are set to begin trading on the NASDAQ Capital Market on April 1, 2025, under the ticker 'ENGS'.
The underwriters have a 45-day option to purchase up to 337,500 additional shares. The offering, conducted on a firm commitment basis with American Trust Investment Services as the representative underwriter, is expected to close on April 2, 2025.
Proceeds will be used to:
- Expand UK operating network
- Procure inventory
- Establish US subsidiaries
- Pursue M&A opportunities
- Expand R&D capabilities
- Repay bank borrowings
- General working capital
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