CN Energy Group. Inc. Successfully Closed its Initial Public Offering
February 11, 2021
CN Energy Group. Inc. (“the Company”), a China-based manufacturer and supplier of wood-based activated carbon and a producer of biomass electricity, today announced the closing of its initial public offering (“IPO”) of 5,000,000 ordinary shares at a public offering price of US$4.00 per share. The Company received aggregate gross proceeds of US$20 million from this IPO, before deducting underwriting discounts and other related expenses.
The Company’s ordinary shares began trading on the Nasdaq Capital Market on February 5, 2021 under the ticker symbol “CNEY.” Hunter Taubman Fischer & Li LLC (“HTFL”) acted as counsel to the Company. HTFL is a boutique law firm specializing in corporate, commercial and securities transactions, cross-border financing, immigration and taxation. Our team of lawyers works together so our clients can benefit from astute business experience and sophisticated legal solutions.