Dallas-based solar energy company Principal Solar Inc. says it intends to offer its common stock in an underwritten public offering of 2,500,000 shares of its common stock, subject to market and other conditions.
In connection with the initial public offering (IPO), Principal Solar intends to grant the underwriter the option to purchase up to 375,000 additional shares of its common stock. Principal Solar has applied to list its common stock on the Nasdaq Capital Market under the symbol ‘PSWW.’
Northland Capital Markets is acting as sole underwriter for the offering. The offering will be made only by means of a prospectus.