Australian cleantech SolarJuice (SJA) has once more downsized its proposed US preliminary public providing, this time to $17M from $20M.

SolarJuice, a spinout of SPI Vitality (NASDAQ:SPI), is now planning to supply 3M shares priced between $5 and $6, which might elevate round $17M if priced on the midpoint. Underwriters could be granted a 45-day possibility to purchase as much as 450K further shares to cowl any over-allotments, in response to its submitting.

In late January, SolarJuice mentioned it was seeking to elevate $20M by way of its IPO, down from its earlier goal of round $40M.

The corporate hopes to checklist its shares on Nasdaq below the image SJA. Maxim Group is serving as lead bookrunner.

SolarJuice additionally mentioned that Linton Crystal Applied sciences has expressed curiosity in shopping for as much as $5.1M in abnormal shares by way of the IPO.

Based mostly in Sydney, SolarJuice sells photo voltaic power options for small industrial and residential buildings. The corporate’s core markets are the US and Australia.

SolarJuice is a part of a rising checklist of cleantech corporations searching for US listings. Israeli cleantech Enlight Renewable Vitality (ENLT) raised $252M by way of an IPO final week, whereas Flex (FLEX) spinout Nextracker (NXT) raised $638M.