SunScout Holding Limited has filed to go public, seeking to sell 4 million Class A ordinary shares at a proposed price of $5.00 to $6.00 per share. The company, organized in the Cayman Islands, conducts operations through wholly owned subsidiaries established in New Zealand and the United States.
In New Zealand, the group's activities are channeled through SunScout New Zealand Limited, while U.S. operations are run by Brightway Energy LLC. The filing states the company intends to list its shares on the NYSE American using the ticker symbol "SNSC." The offering is explicitly conditional on obtaining listing approval from the exchange; SunScout said the transaction will not proceed unless the NYSE American accepts the listing.
The proposed Class A ordinary shares carry a par value of $0.0001 each. Based on the 4 million shares in the offering and the suggested price band, SunScout estimates gross proceeds to the company of between $20 million and $24 million, depending on final pricing within the stated range.
SunScout has named Dominari Securities and Revere Securities as the underwriters for the offering. The engagement is being handled on a firm commitment basis, meaning the underwriters have agreed to purchase the shares from the issuer and bear the risk of resale to investors.
At the time of the filing, there is no public market for SunScout's ordinary shares. The company highlighted that the offering's completion is dependent on the exchange's acceptance for listing and that the sale of shares will not move forward without that approval.
Context and structure
The filing discloses the corporate and transactional structure surrounding the proposed offering: a Cayman Islands parent operating through a New Zealand subsidiary and a U.S. entity, a defined share class with a nominal par value, an underwritten sale on a firm commitment basis, and a price range that determines the target proceeds. The document also sets the intended listing venue and trading symbol while noting the offering remains contingent on exchange acceptance.