Home Business framework Verdant Earth Technologies Limited files registration statement for proposed initial public offering

Verdant Earth Technologies Limited files registration statement for proposed initial public offering


Posted: October 18, 2021 at 12:11 p.m. EDT|Update: 1 hour ago

SYDNEY, October 18, 2021 / PRNewswire / – Verdant Earth Technologies Limited (“Verdant” or “the Company”) today announced that it has publicly filed a registration statement on Form F-1 with the Securities and Exchange Commission (“SEC”) of United States regarding a proposed initial public offering of its common shares.

Verdant has applied to list its shares on the Nasdaq Capital Market under the symbol “VDNT”. The number of shares to be offered and the price range of the proposed offering have not yet been determined. The proposed offer is subject to market conditions and there can be no assurance that the proposed offer can be made or when it can be made, nor as to the size or the actual terms of the proposed offer.

Roth Capital Partners acts as the sole manager of this offer.

The proposed offer will be made only by means of a prospectus. Copies of the preliminary prospectus relating to the proposed offer can be obtained from: Roth Capital Partners, 888 San Clemente, Newport Beach, California 92660, Attn .: Equity Capital Markets, Phone: 800-678-9147, or by email at [email protected] or by going to the SEC website, www.sec.gov.

A registration statement on Form F-1 relating to the proposed offering of common shares of the Company has been filed with the SEC but has not yet become effective. Ordinary shares of the Company may not be sold, nor offers to purchase may be accepted, before the entry into force of the registration statement.

This press release does not constitute an offer to sell or the solicitation of an offer to buy ordinary shares, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer, solicitation or offer to buy, or sale of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Verdant Earth Technologies Limited

Verdant Earth Technologies Limited (NASDAQ: VDTN) is a green energy company in the development stage with the goal of developing a network of renewable energy and green hydrogen projects in Australia.

Forward-looking statements

This press release contains forward-looking statements, including statements regarding the Company’s potential initial public offering and Nasdaq listing, which are subject to a number of risks and uncertainties, many of which are independent of the will of the Company. When used in this press release, the words’ ‘might,’ ” ‘believe,’ ” ‘anticipate,’ ” ‘intend,’ ” ‘estimate,’ ” ‘s’ expect, ” ” may, ” ” continue, ” ” predict, ” ” potential, ” ” project ” and similar phrases are intended to identify forward-looking statements, although all forward-looking statements do not contain such identifying words. The Company cautions readers that forward-looking statements are based on the expectations and assumptions of management as of the date of this press release and are subject to certain risks and uncertainties that could cause actual results to differ materially, including, but without limitation, the ability to obtain or renew appropriate government and regulatory licenses and approvals for the Company’s existing project and its proposed projects and planned activities; the expected cost and expected schedule for completion of the Company’s existing project and proposed projects and the capacity and expected results of such projects; the objectives and strategies of the Company; potential projects, including the location, nature, fuel source and expected capacity of those projects; the capital commitments and / or intentions of the Company in relation to its business, including the sufficiency of its liquidity and capital resources; the nature and extent of future competition in the energy sector in the markets in which the Company intends to operate; expected supply and demand trends in the Australian electricity market; the Company’s ability to finance existing projects and acquisitions, as well as to seek and finance new projects and acquisitions; the price and ability of the Company to successfully integrate any acquired project or business; expected cash flows from the Company’s power plant, once operational, and future green hydrogen production activities; the expected capital expenditures of the Company; the Company’s ability to successfully pursue renewable energy-based projects and acquisition opportunities; the Company’s ability to secure appropriate connection agreements; the Company’s ability to enter into supply and production agreements on competitive terms; the Company’s ability to source fuels, including biomass, commercial wood waste and other fuels; the performance and reliability of the Company’s power plant, once operational, and the Company’s ability to manage its operating and maintenance costs; the expected cost and schedule of the Company’s projects; the expected growth in demand for electricity and hydrogen in the markets that the Company plans to serve; the legal and regulatory framework of the energy industry at national, regional or municipal level by Australia; the increase in development costs and the impact that these increased costs could have on the development of additional power generation assets and the value of the Company’s assets, in particular with regard to power and hydrogen power plants ; expected trends in energy consumption, including Australia, Japan and South Korea; and the Company’s intended use of the proceeds from the initial public offering of its common shares.

Forward-looking statements made in this press release relate only to events or information as of the date on which the statements are made in this press release. Except as required by law, the Company assumes no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unforeseen events.

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SOURCE Verdant Earth Technologies Limited

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