Waltham, Mass.
Went public 11/2/00 at $14 per share
Filing Range: 3.0 million shares @ $13 to $15
Shares Outstanding: 11.0 million shares
Underwriters: Banc of America Securities/CIBC World Markets/ FAC Equities
Company Counsel: Testa Hurwitz & Thibeault
Manager Counsel: Goodwin Procter & Hoar
Auditor: PricewaterhouseCoopers LLP
The Company:
Manufactures photovoltaic modules using a crystalline silicon ribbon technology called “String Ribbon”.
Venture Backers:
Kinetic Ventures Inc.
Nth Power Technologies
Zero Stage Capital Co. Inc.
Odyssey Investment Group
Liberty Environmental Partners
Nichimen
Solstice Capital
Calvert Social Venture Partners LP
VIMAC LLC
Utech Venture Capital Corp.
Financing Rounds:
Number of Round Amt.
Round # Round Date Stage Investors ($ thousands)
1 04/01/1996 3 Expansion 0.0
2 09/01/1996 3 Expansion 0.0
3 12/01/1997 7 Later Stage 2223.2
4 03/01/1998 4 Later Stage 6135.2
5 12/28/1999 6 Expansion 13108.0
Financials:
(Data in $ millions)
Y/E
12/31/99
Total Revenues: 2.3
Net Income: -4.2