PECK - Peck Company to acquire iSun Energy in an all-stock transaction

The Peck Company (PECK) soars +121% in pre-market, as it announces binding term sheet to acquire iSun Energy LLC, a provider of innovative solar power, electric mobility and smart city solutions for government, commercial, retail, academic and data-center project, in an all-stock transaction.Accretive acquisition with $2M near-term revenue commitments, 30-40% project gross margin and a software platform for recurring energy service revenues.PECK to change its name to iSun Energy and trade on Nasdaq under the ticker “ISUN” upon closing.“We expect the new relationships we build will be a catalyst for the company’s rapid growth. As we re-brand to iSun Energy and expand into new markets with higher-margin products, we are dedicated to profitable growth for our shareholders and to high-quality service that our customers expect, “commented Jeffrey Peck, CEO, Peck.The transaction is expected to close in January 2021.

For further details see:

Peck Company to acquire iSun Energy in an all-stock transaction