Verdant Earth Technologies Ltd.

General Information
Business:
We are a development stage green energy company in the process of repurposing and recommissioning a traditional baseload power plant to run on renewable fuel. Our goal is to develop a network of renewable energy projects in Australia that would include hydrogen production facilities producing green hydrogen. We believe co-development of green energy projects with hydrogen production facilities will serve the dual purpose of reducing reliance on traditional fossil fuels and supporting broad decarbonization goals. Our first project is the recommissioning and conversion to biofuels of a 146 MW electric baseload power generation plant, where we also intend to co-locate hydrogen fuel production technology to produce green hydrogen. According to a report commissioned by the Council of Australian Governments, global demand for hydrogen exported from Australia could be almost one million tonnes by 2030, adding A$11 billion (or US$8 billion) in GDP growth each year by 2050.
(Note: The pricing of Verdant Earth Technologies Ltd.’s IPO is tentatively expected late in the week of Jan. 17, 2022; this is a four-day week with the U.S. stock market closed on Monday, Jan. 17, for the Martin Luther King Jr. holiday.)
Industry: Renewable fuel generation
Employees: 17
Founded: 2018
Contact Information
Address Level 33, Colonial Centre 52 Martin Place Sydney NSW 2000 Australia
Phone Number +61 2 9227 8900
Web Address
View Prospectus: Verdant Earth Technologies Ltd.
Financial Information
Market Cap $178.16mil
Revenues $0 mil (last 12 months)
Net Income $-10.9 mil (last 12 months)
IPO Profile
Symbol VDNT
Exchange NASDAQ
Shares (millions): 6.3
Price range $7.00 - $9.00
Est. $ Volume $50.0 mil
Manager / Joint Managers Roth Capital Partners
CO-Managers -
Expected To Trade: 1/17/2022
Day: Week of
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change