Sheffield Green plans to raise $6.0m in Catalist listing
The company is offering 24.0 million shares.
Sheffield Green has completed its registration to list of the Catalist Board of the Singapore Exchange Securities Trading Limited (SGX-ST).
The company plans to offer 24.0 million shares at $0.25 apiece. Of the total shares, 20.4 million are placement shares, and 3.6 million are for public offering.
Sheffield Green expects to raise $6.0m from the IPO, which it plans to use for the following:
- Expanding its business coverage and geographical presence in locations where there are significant renewable energy-related activities,
- Expanding into complementary offerings, new product lines, and other technical services,
- General working capital and;
- Payment of listing expenses.
The offer closes on 26 October 2023 at noon. Balloting of shares will be done the following day in the event of excess application.