SunScout (NYSE American/NYSE Texas: SNSC) signed a definitive Share Purchase and Project Development Agreement on August 23, 2026 to acquire 100% of Anaya 1 Power Corporation, which owns the 25.0 MWp AKELCO solar-plus-storage project on Panay Island in the Philippines. The US$2.5 million purchase price is payable 80% at Ready-to-Build confirmation and 20% upon provisional approval of the 20-year fixed-price power supply agreement (PSA) by the Energy Regulatory Commission.
SunScout expects about US$25 million in construction-phase revenue, and, once operational, average annual revenue of US$3.6 million and free cash flow of US$1.2 million over the PSA’s 20-year term. The plant is designed for 25.0 MWp DC solar, 10.0 MWac export, and a 13.0 MWac / 26.7 MWh battery system under a fixed PHP 6.035/kWh (USD 0.098/kWh) tariff with Aklan Electric Cooperative. Closing is subject to Ready-to-Build certification, customary conditions, and board approval, with RTB targeted for September 2026.
SunScout (NYSE American, NYSE Texas: SNSC) has commenced commercial shipments of its SunScout Eco autonomous, solar-powered robotic mower to international markets, with initial containers bound for Europe and New Zealand. The program currently contemplates one 350-unit container per month for each region, totaling about 700 units monthly.
Assuming a landed cost of US$531 per unit and a gross margin of about 50%, this initial programme would generate approximately US$743,400 in monthly revenue and US$371,700 in monthly gross profit, or about US$8.92 million and US$4.46 million on an annualised basis if sustained. SunScout plans to scale shipments in line with distributor orders, customer demand, manufacturing capacity and working-capital availability.
SunScout (NYSE American/NYSE Texas: SNSC) signed a memorandum of understanding with Alta Renewables to build, own and operate four shovel‑ready solar‑plus‑storage projects totaling 87.5 MWp in the Philippines under 20‑year, fixed‑price power supply agreements. SunScout expects to invest about USD 1,000,000 per MWp, or roughly USD 87.5 million, funding each plant’s construction and retaining long‑term ownership.
The projects with AKELCO, FLECO, ILECO 3 and ZAMECO II feature fixed tariffs of up to Php 6.00/kWh, integrated battery storage, and a target project‑level IRR of at least 10%. SunScout plans project‑level financing at about 70% debt post‑commissioning to recycle capital. Alta may co‑invest up to 33% equity per project and will receive development fees of USD 100,000 per MWp. The parties also reference a further 230+ MWp BOO pipeline and aim to sign definitive agreements around August 24, 2026, subject to due diligence, approvals, and final documentation.
SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) has closed its initial public offering of 3,100,000 Class A ordinary shares at US$5.00 per share, raising US$15.5 million in gross proceeds before underwriting discounts and expenses.
The shares began trading on August 12, 2026 under the ticker SNSC. The company granted underwriters a 45-day over-allotment option for up to 465,000 additional shares at the same price, less discounts. According to SunScout, proceeds will fund a new Austin manufacturing plant, marketing, product development, inventory, loan repayment, a Brightway Energy acquisition payment, and working capital.
SunScout Holding Limited (NYSE American & NYSE Texas: SNSC) priced its initial public offering of 3,100,000 Class A ordinary shares at US$5.00 per share, for expected gross proceeds of US$15.5 million before expenses. The shares are approved for dual listing and are expected to begin trading on August 12, 2026, with closing anticipated on or about August 13, 2026, subject to customary conditions.
The company granted underwriters a 45-day over-allotment option for up to 465,000 additional shares. Proceeds are earmarked for a new Austin manufacturing plant, marketing, product development, inventory, loan repayment, Brightway Energy LLC acquisition payment, and working capital.