The newly combined solar company is expected to trade on the Nasdaq stock exchange under the ticker symbol TOYO. (Source: Shutterstock)
Japan-based solar cell manufacturer Toyo Co. and special purpose acquisition company Blue World Acquisition Corp. have completed their combination with Abalance Corp. subsidiary Vietnam Sunergy Cell Co. Ltd., according to a news release July 2.
The company is expected to trade on the Nasdaq stock exchange under the ticker symbol TOYO.
“We believe TOYO will uphold its commitment to becoming a reliable provider of comprehensive solar solutions globally,” Blue World CEO Liang Shi said in the release. “The upcoming Nasdaq listing will serve as a catalyst, significantly enhancing TOYO’s international reach by strengthening its brand with potential U.S. customers and unlocking broader access to capital.”
Toyo is a holding company wholly owned by Abalance Corp. subsidiary Fuji Solar Co.
“We feel fortunate to embark on a new journey becoming a U.S.-listed company through the business combination with Blue World,” said Toyo CEO Junsei Ryu. “We are committed to powering the world with green and clean energy and showcasing our quality products and services on a larger global stage.”
Recommended Reading
Classic Rock, New Wells: Permian Conventional Zones Gain Momentum
2024-12-02 - Spurned or simply ignored by the big publics, the Permian Basin’s conventional zones—the Central Basin Platform, Northwest Shelf and Eastern Shelf—remain playgrounds for independent producers.
First Helium Plans Drilling of Two Oil Targets in Alberta
2024-11-29 - First Helium Inc. has identified 10 other sites in the Leduc formation.
DNO Discovers Oil in New Play Offshore Norway
2024-12-02 - DNO ASA estimated gross recoverable resources in the range of 27 MMboe to 57 MMboe.
Freshly Public New Era Touts Net-Zero NatGas Permian Data Centers
2024-12-11 - New Era Helium and Sharon AI have signed a letter of intent for a joint venture to develop and operate a 250-megawatt data center in the Permian Basin.
DNO Makes Another Norwegian North Sea Discovery
2024-12-17 - DNO ASA estimated gross recoverable resources in the range of 2 million to 13 million barrels of oil equivalent at its discovery on the Ringand prospect in the North Sea.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.