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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.