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Stardust Solar Energy Inc. ( (TSE:SUN) ) has provided an update.
Stardust Solar Energy Inc. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising approximately $524,610.40 through the issuance of 5,246,104 units. The proceeds from this offering will be used to support the company’s expansion into the U.S. market, especially after acquiring Solar Grids Development LLC, and will also aid in enhancing working capital, marketing, and administrative functions to scale its franchise network further.
More about Stardust Solar Energy Inc.
Stardust Solar Energy Inc. is a North American franchisor specializing in renewable energy installation services, including solar panels, energy storage systems, and electric vehicle supply equipment. The company offers franchise opportunities and supports its franchisees with various business management services, such as marketing, sales, engineering, and project management, targeting both residential and commercial markets.
YTD Price Performance: 7.14%
Average Trading Volume: 48,563
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.86M
For a thorough assessment of SUN stock, go to TipRanks’ Stock Analysis page.
