Palmerston North, New Zealand, Aug.  13, 2026  (GLOBE NEWSWIRE) -- SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) (&#34;SunScout&#34; or the &#34;Company&#34;), a clean-technology company developing and

SNSC

SunScout Holding Limited Announces Closing of US$15.5 Million Initial Public Offering

SunScout closes IPO, raises $15.5M for Austin plant expansion

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Palmerston North, New Zealand, Aug.  13, 2026  (GLOBE NEWSWIRE) -- SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) (&amp;#34;SunScout&amp;#34; or the &amp;#34;Company&amp;#34;), a clean-technology company developing and</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>SunScout Holding Limited priced and closed its IPO, selling 3.1 million Class A shares at $5 each to raise about $15.5 million. Proceeds will fund a manufacturing plant in Austin, Texas, marketing, product development, inventory, debt repayment, and Brightway Energy LLC integration. Trading began Aug 12, 2026, with an over-allotment option for up to 465,000 shares.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>IPO closed for 3.1M Class A shares at $5.00.</li><li>Over-allotment option for up to 465,000 shares exercisable within 45 days.</li><li>Trading began Aug 12, 2026 on NYSE American/NYSE Texas.</li><li>Proceeds fund Austin plant, marketing, product development, inventory, and Brightway Energy LLC integration.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>SunScout Holding Limited (SNSC)</strong>: IPO completed; begins trading; funds allocated to manufacturing expansion and acquisitions.</li><li><strong>Brightway Energy LLC (N/A)</strong>: Acquisition-related payments; potential synergy with SunScout&#039;s solar-energy solutions.</li><li><strong>Dominari Securities LLC (N/A)</strong>: Lead underwriter; firm commitment offering.</li><li><strong>Revere Securities LLC (N/A)</strong>: Co-underwriter; supports the offering.</li><li><strong>Ortoli Rosenstadt LLP (N/A)</strong>: U.S. counsel to SunScout; regulatory filings and disclosures handled.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article reports a completed IPO and use-of-proceeds, signaling a material change in capital structure and growth initiatives for SNSC.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>IPO proceeds of $15.5M signal early demand and scaling capital for growth.</li><li>Over-allotment option up to 465,000 shares could dilute early investors.</li><li>Austin manufacturing plant funding implies higher capex and cash burn risk.</li><li>Brightway Energy LLC acquisition linkage may broaden revenue streams.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering size: 3,100,000 Class A shares.</li><li>Offering price: $5.00 per share.</li><li>Gross proceeds: $15.5 million.</li><li>Over-allotment: up to 465,000 shares.</li><li>Trading start: Aug 12, 2026 (NYSE American/NYSE Texas).</li><li>SEC filing: Form F-1; effective Aug 11, 2026.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 12–24 months if Austin plant scale and Brightway integration milestones are met.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">Palmerston North, New Zealand, Aug.  13, 2026  (GLOBE NEWSWIRE) -- SunScout Holding Limited (NYSE American/NYSE Texas: SNSC) ("SunScout" or the "Company"), a clean-technology company developing and commercializing autonomous, solar-powered robotic mowers and related solar energy solutions, today announced the closing of its initial public offering (the "Offering") of 3,100,000 Class A ordinary shares at a public offering price of US$5.00 per ordinary share. The Class A ordinary shares began trading on the NYSE American and NYSE Texas on August 12, 2026 under the ticker symbol "SNSC."</p>  <p align="justify">The Company received aggregate gross proceeds of US$15.5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters an over-allotment option, exercisable within 45 days after the closing of the Offering, to purchase up to an additional 465,000 Class A ordinary shares at the public offering price, less underwriting discounts.</p>  <p align="justify">Proceeds from the Offering will be used for: (i) establishing a manufacturing plant in Austin, Texas; (ii) marketing and promotion campaigns; (iii) product development; (iv) inventory; (v) repayment of one loan; (vi) payment under the membership purchase agreement for the acquisition of Brightway Energy LLC; and (vii) working capital.</p>  <p align="justify">The Offering was conducted on a firm commitment basis. Dominari Securities LLC acted as the lead underwriter and Revere Securities LLC as the co-underwriter (collectively, the "Underwriters") for the Offering. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and Hunter Taubman Fischer &amp; Li LLC acted as U.S. securities counsel to the Underwriters in connection with the Offering.</p>  <p align="justify">A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the "SEC") (File Number: 333-295248), as amended, and was declared effective by the SEC on August 11, 2026. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Dominari Securities LLC by standard mail to 725 Fifth Avenue, 23rd Floor, New York, NY 10022, via email at <a href="https://www.globenewswire.com/Tracker?data=Mo-ZunNhebOxFuZXtol5JpedbfspdL19KTbUWGA0cZB4hmX2rA9xV7MZxEiueiGj8Lp5eH5isUcVeVJoUIV32J-m_LsB-yH0kXqTTEvYxWBoV6Jv1se59ElIN_swxbu5" rel="nofollow" target="_blank">info@dominarisecurities.com</a>, or by telephone at +1 (212) 393-4500, or from Revere Securities LLC by standard mail to 560 Lexington Avenue, 16th Floor, New York, NY 10022, via email at <a href="https://www.globenewswire.com/Tracker?data=ucm3fswXl7e6UI-XvJG8_KAjaRHdOVFXC7ggo91g74w2l1M6U1Gfg3rTEaRexGI-6G-gU89O4IHCj1W6toFhyAJHQE-87K22bo3Pl_n8tc-TP7CbCCI0eG3R3Ww7-5JC" rel="nofollow" target="_blank">contact@reveresecurities.com</a>, or by telephone at +1 (212) 688-2350. In addition, copies of the final prospectus relating to the Offering may be obtained via the SEC&#39;s website at <a href="https://www.globenewswire.com/Tracker?data=ArTdFAmBzaoTlEnwA-7t3W4jxnfLpwOKI1IFSmfBXc6DW624BjLLmazW_-7hDSsfSvUp7cVssxGX4pQtm1tN_A==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify">This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.</p>  <p align="justify"><b>About SunScout Holding Limited</b><br></br>SunScout Holding Limited is a clean-technology company engaged in the design, development, manufacturing, and commercialization of autonomous, solar-powered robotic mowers and related solar energy solutions. Powered entirely by solar energy through the Company’s proprietary deployable solar array ("DSA") technology, SunScout&#39;s robotic mowers operate independently of the electrical grid and feature autonomous navigation and AI-powered obstacle avoidance. SunScout also provides solar power development solutions, as well as engineering products and services, including precision fabrication, mechanical engineering, and project management. SunScout’s mission is to eliminate reliance on fossil fuels in outdoor maintenance and mobile machinery, beginning with lawn care and expanding into adjacent applications. For more information, please visit the Company’s website: <a href="https://www.globenewswire.com/Tracker?data=Y5t2_wHfWCNR2jLpqSRuJ90vBpHN1ewR9bQ-2q_SbDhfPuPw_oFhiy2OSAyWj8p09aA0B1D7JrdBiT6mRX3OdPrhWFutNAAWVPq56GnqVLg=" rel="nofollow" target="_blank"><u>https://www.snsc.ai</u></a>.</p>  <p align="justify"><b>Forward-Looking Statements</b><br></br>Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as "believe," "plan," "expect," "intend," "should," "seek," "estimate," "will," "aim" and "anticipate," or other similar expressions in this announcement. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at <a href="https://www.globenewswire.com/Tracker?data=ArTdFAmBzaoTlEnwA-7t3dRmJSFl9URxnn4jQHlAXwyF-1AKp0h14tX_gQJ9evId0tS23a3vd-S68dhjJdZimQ==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify"><b>For more information, please contact:</b></p>  <p align="justify"><b>SunScout Holding Limited</b><br></br>Investor Relations Department<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=tcBz3taWOAV3WNLhEs4Fx5In4lQ0wP0l7cGu_yvgShNVBTckqhRIUHISmguMaHWHfG_1iGKDHh6s8l6BmQJdeaw_1bwrfDnlCzJrTsQ-zz8=" rel="nofollow" target="_blank">investors@snsc.ai</a></p>  <p align="justify"><b>Ascent Investor Relations LLC</b><br></br>Tina Xiao<br></br>Phone: +1-646-932-7242<br></br>Email: <a href="https://www.globenewswire.com/Tracker?data=tcBz3taWOAV3WNLhEs4Fx-162w5pztUDfdpaeAfgRH-KlC7QuLBcD1CLEfnvD82rGZ08DJZILktXUY49GDlS5fU4UND609tkXeMJZM5xtm-S82KU2I3k2LU-bDZBX3nj" rel="nofollow" target="_blank">investors@ascent-ir.com</a></p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTgxMDA3NSM3Nzc2NDUxIzUwMDE2NjQ1Mw=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/MWRmM2FlZDAtMWZlZi00NTQ5LTg3NWQtMmY0NzE3OWFhYTFlLTUwMDE2NjQ1My0yMDI2LTA4LTE0LWVu/tiny/SunScout-Holding-Limited.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/da395218-792d-4ad8-bb83-4d00f5d5f194"><img src="https://ml.globenewswire.com/media/da395218-792d-4ad8-bb83-4d00f5d5f194/small/logo-no-background-1-png.png" border="0" width="150" height="18" alt="Primary Logo"></img></a></p>

SunScout Holding Limited priced and closed its IPO, selling 3.1 million Class A shares at $5 each to raise about $15.5 million. Proceeds will fund a manufacturing plant in Austin, Texas, marketing, product development, inventory, debt repayment, and Brightway Energy LLC integration. Trading began Aug 12, 2026, with an over-allotment option for up to 465,000 shares.

News insight

SunScout Holding Limited Announces Closing of US$15.5 Million Initial Public Offering

AI summary

Sentiment rationale

Key facts

Corporate Developments