FlexEnergy Green Solutions Inc, a cost-effective energy solutions provider, has filed Amendment No 1 to Form S-1 Registration Statement on October 27, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.
The company plans to raise $35 million by offering 3.9 million shares at a price range of $8 to $10. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $122 million.
The company designs, manufactures, sells, and leases cost-effective energy solutions that lower customers’ environmental footprint, often by making useable energy from sources of fuel or heat otherwise overlooked or wasted.
The Portsmouth, New Hampshire-based company was founded in 2000 and booked $21 million in revenue for the 12 months ended June 30, 2021. It plans to list on the Nasdaq Capital Market under the symbol “FLXE.” Roth Capital is the underwriter of the IPO.
The company engages Rutan & Tucker, LLP as US Securities Counsel, and Deloitte & Touche LLP as Independent Auditor.
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