Correction: We originally reported that Principal Solar had set terms for its upcoming public offering on the NASDAQ. However the solar asset operator had filed a separate registration document for the resale of shares owned by existing stockholders.
Principal Solar's stock currently trades on the OTC Pink market under the symbol PSWW. The Dallas, TX-based company, which was founded in 2011 and booked $1 million in sales for the 12 months ended December 31, 2014, also plans to list on the NASDAQ under the symbol PSWW.
Northland Capital Markets is the sole bookrunner on the NASDAQ offering. Terms and timing have not been disclosed.
The article Principal Solar updates share registration prior to NASDAQ offering originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
