Energys Group closed IPO of $10.125 million, trading on Nasdaq, proceeds to expand operations.
From GlobeNewswire: 2025-04-02 13:32:00
Energys Group Limited (NASDAQ: ENGS) has successfully closed its initial public offering of 2,250,000 ordinary shares at a price of US$4.50 per share, raising total gross proceeds of US$10,125,000. The offering commenced trading on The Nasdaq Capital Market under the ticker symbol “ENGS” on April 1, 2025. The Company has granted underwriters an option to purchase an additional 337,500 ordinary shares. Proceeds from the offering will be used for various purposes, including expanding operations in the UK, inventory procurement, and establishing subsidiaries in the US. The offering was conducted on a firm commitment basis, with American Trust Investment Services, Inc. acting as the underwriters’ representative.
A registration statement relating to the offering was filed with the U.S. Securities and Exchange Commission and declared effective on March 14, 2025. The offering is being made through a prospectus, which can be obtained from American Trust or the SEC’s website. Energys Group Limited, founded in 1998, offers energy efficiency and decarbonization solutions for the built environment. The Company’s vision is to provide innovative solutions that reduce carbon emissions, lower costs, and support the Net Zero agenda. Investors are cautioned that actual results may differ from anticipated results, and forward-looking statements should be reviewed with this in mind. For more information, contact DLK Advisory.
Read more at GlobeNewswire: Energys Group Announces Closing of $10.125 Million Initial