SunScout Holding, a New Zealand-based developer of autonomous solar-powered mowers and other solar products, filed on Wednesday with the SEC to raise up to $22 million in an initial public offering.
The company plans to raise $22 million by offering 4 million shares at a price range of $5 to $6. At the midpoint of the proposed range, SunScout Holding would command a market cap of $215 million.
SunScout Holding develops and manufactures autonomous robotic lawn mowers powered by integrated solar energy systems. Its products are designed to operate independently of both gasoline engines and grid-connected electricity by using onboard deployable solar panels to recharge batteries, eliminating the need for fixed charging stations. Through this approach, the company aims to reduce emissions, extend operating range, and lower energy-related costs associated with traditional and electric lawn mowing equipment.
The Palmerston North, New Zealand-based company was founded in 1998 and booked $5 million in revenue for the 12 months ended December 31, 2025. It plans to list on the NYSE American under the symbol SNSC. SunScout Holding filed confidentially on February 12, 2026. Dominari Securities and Revere Securities are the joint bookrunners on the deal.
