April 27 (Renewables Now) – German agrivoltaics developer Next2Sun AG is in search of to boost as much as EUR 1.9 million (USD 2.02m) on a crowdfunding platform and plans to launch an preliminary public providing (IPO) this yr.
The share situation, which was launched on crowdfunding platform Econeers in March, has already attracted greater than 500 buyers who’ve purchased shares for greater than EUR 1 million, Next2Sun stated on Tuesday.
The shares are supplied at EUR 95 apiece, valuing the corporate at EUR 10 million. The subscription interval runs till September 30, with the minimal subscription quantity set at 5 shares.
The proceeds from the fundraiser might be used for the growth of the corporate’s home and worldwide agrivoltaic and bifacial photo voltaic fence operations. The share situation will present monetary leeway for bigger initiatives and can allow the corporate to reap the benefits of alternatives that come up, CFO Sascha Krause-Tuenker stated through the crowdfunding platform.
The inventory market itemizing, deliberate for 2022, is predicted to make the corporate extra versatile in shaping its improvement as it could allow it to boost contemporary funds by share points, when mandatory, whereas giving strategic companions the chance to put money into Next2Sun, stated CEO Heiko Hildebrandt.
Next2Sun specialises in agrivoltaic methods and photo voltaic fences. Its ground-mounted methods characteristic vertically stacked bifacial glass-glass modules. The photo voltaic fence, supplied by the corporate, can also be outfitted with bifacial glass-glass modules and serves as an enclosure in ecological livestock farms. The corporate has already carried out initiatives in Germany, Austria, France, Sweden, Eire, and South Korea.
(EUR 1 = USD 1.067)