08:45 AM EDT, 04/01/2025 (MT Newswires) -- Energys (ENGS) said late Monday it priced an initial public offering of about 2.3 million ordinary shares at $4.50 apiece for gross proceeds of roughly $10.1 million.

The shares will start trading on the Nasdaq Capital Market on Tuesday, the company said, adding that the offering will likely close Wednesday.

The underwriters have an option to buy up to 337,500 additional shares, Energys said.

The company also said it expects to use the proceeds to expand its operating network in the UK and establish a US presence, among other purposes.