30 Jun '16, 3am

Sungevity set to go public in merger with Easterly

Sungevity set to go public in merger with Easterly

The merger deal is expected to give Sungevity an implied market capitalization of US$607 million. Image: Sungevity Technology solutions provider Sungevity and Easterly Acquisition Corp. have entered into a definitive merger agreement that will see Sungevity list its shares as a public company in an attempt to spur growth and tap into a new base of customers. As a result of the merger, all of the outstanding equity and convertible debt of Sungevity will be converted into shares of Easterly common stock. Upon completion of the deal, Easterly will change its name to Sungevity Holdings and will trade on the NASDAQ stock exchange under the ticker symbol SGVT. Sungevity’s management team will remain at Sungevity Holdings under the leadership of current CEO and co-founder, Andrew Birch. Sungevity Holdings’ board of directors will be comprised of members from both Easterly and Sun...

Full article: http://www.pv-tech.org/news/sungevity-set-to-go-public-in...

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