Saule Technologies wants to go public without IPO through a reverse merger of a shell company Blumerang Investors, noted in Warsaw's New Connect market. The companies will begin a due diligence process with a goal to finalize it as soon as possible.
'Saule Technologies is ready to go public as we are moving the production of the perovskite solar cells from the lab to the production line,' says Olga Malinkiewicz, co-founder and CTO. 'This is a massive achievement for our company and on a global scale. Perovskite PV has potentially unlimited applications, and it can revolutionize the energy sector. Going public will give us transparency, credibility and open new possibilities for future development'.