By Ben Glickman
Energy-services company Energys Group has filed for an initial public offering with the Securities and Exchange Commission.
The U.K.-based company said Friday it provides solutions to help companies reduce their carbon dioxide emissions and save money, including by retrofitting existing infrastructure.
The company didn’t say how many shares it would offer or give an anticipated price range for the offering.
Energys said it would apply to list its shares on the Nasdaq Capital Market.
The company plans to use proceeds from the offering for expanding operations in the U.K., procuring inventory and establishing a presence in European and U.S. markets, among other things.
In the year ended June 30, the company reported a loss of $2.9 million from revenue of $7.63 million.
Michael Kwok Yan Lau, executive director and chief technology officer of the company, is listed as owning 89% of the company’s shares prior to the offering.
Joseph Stone Capital is acting as the sole underwriter of the offering.
Write to Ben Glickman at [email protected]
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