Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. ISun, Inc.
  6. News
  7. Summary
    ISUN   US4652461066


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

iSun, Inc. : Announces Completion of Redemption of Public Warrants

04/16/2021 | 08:31am EDT

iSun, Inc. (NASDAQ: ISUN) (“iSun” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50 years of construction experience in solar, electrical and data services, today announced the completion of the redemption of all of its outstanding public warrants (the “Public Warrants”). On March 9, 2021, the Company issued a press release stating that it would redeem all of its outstanding Public Warrants to purchase shares of the Company’s Common Stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated March 2, 2016, as amended (the “Warrant Agreement”), by and between the Company (formerly Jensyn Acquisition Corp. and formerly The Peck Company Holdings, Inc.) and Continental Stock Transfer & Trust Company, as Warrant Agent (the “Warrant Agent”), as part of the Units sold in the Company’s initial public offering (the “IPO”) that remained outstanding at 6:30 p.m. New York City time on April 12, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase shares of Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof of their permitted transferees were not subject to this redemption.

Of the 4,149,500 Public Warrants that were outstanding as of the date of the Company’s combination with Jensyn Acquisition Corp. in June 2019 and that could be exercised, 3,671,236 were exercised in aggregate, representing approximately 89% of the exercisable warrants. This includes 1,042,116 warrants that were excised since the Company’s redemption notice on March 9, 2021. Accordingly, iSun redeemed the 453,764 unexercised warrants. Total cash proceeds generated from warrant exercises were $21.1 million. Total shares of Common Stock outstanding as of April 12, 2021 were 9,082,659. As of this date, no Public Warrants remain outstanding.

Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the United States, iSun provides solar energy and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions for commercial, industrial, and utility customers. iSun’s innovations were recognized this year by the Solar Impulse Foundation of Bertrand Piccard as one the globe’s Top 1000 Sustainability Solutions. As a winner, this award will result in the iSun solution being presented to hundreds of government entities around the world, including various municipal, state, and federal agencies in the United States. Since entering the renewable energy market in 2012, iSun has installed over 650 megawatts of rooftop, ground- mount and EV-carport solar systems (equal to power required for 123,500 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (ii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

© Business Wire 2021
All news about ISUN, INC.
04/22ISUN, INC.  : Celebrates Earth Day 2021 with One Year Anniversary of GreenBond A..
04/16ISUN, INC.  : Other Events, Financial Statements and Exhibits (form 8-K)
04/16ISUN, INC.  : Announces Completion of Redemption of Public Warrants
04/08ISUN, INC.  : Entry into a Material Definitive Agreement, Financial Statements a..
04/08ISUN, INC.  : Entry into a Material Definitive Agreement, Other Events (form 8-K..
04/06ISUN  : Acquires Intellectual Property of Oakwood Construction Services for $2.7..
04/06ISUN, INC.  : Enters Large Utility Solar EPC Business; Acquires Intellectual Pro..
03/29ISUN, INC.  : Other Events (form 8-K)
03/26ISUN, INC.  : Regulation FD Disclosure, Financial Statements and Exhibits (form ..
03/22ISUN  : Selected by Northern Reliability and Community Development Enterprises f..
More news
Financials (USD)
Sales 2021 53,0 M - -
Net income 2021 3,34 M - -
Net Debt 2021 - - -
P/E ratio 2021 24,5x
Yield 2021 -
Capitalization 86,8 M 86,8 M -
Capi. / Sales 2021 1,64x
Capi. / Sales 2022 0,97x
Nbr of Employees 150
Free-Float 29,0%
Chart ISUN, INC.
Duration : Period :
iSun, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Average target price 24,00 $
Last Close Price 9,56 $
Spread / Highest target 151%
Spread / Average Target 151%
Spread / Lowest Target 151%
EPS Revisions
Managers and Directors
Jeffery Peck Chairman, President & Chief Executive Officer
John Sullivan Chief Financial Officer
Fredrick Myrick Chief Operating Officer, Director & EVP
Stewart Martin Independent Director
Daniel Dus Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ISUN, INC.60.67%87
SIEMENS ENERGY AG-13.21%22 485
FIRST SOLAR, INC.-24.57%7 828