Northern Power Systems plans initial public offering


Northern Power Systems Corp., a next generation renewable energy technology company, announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission, relating to a proposed initial U.S. public offering of its common shares. In connection with the proposed offering, Northern Power Systems Corp. has applied for the listing of its common shares on the NASDAQ Capital Market. The number of shares to be offered and the price range for the offering have not been determined.

Needham & Company, LLC will act as sole book-running manager for the proposed offering, with Craig-Hallum Capital Group LLC and Northland Capital Markets, Inc. acting as co-managers.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to these securities may be obtained, when available, from Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, 800-903-3268, or by email to

A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The transaction is subject to the approval of the Toronto Stock Exchange.  

— Source: Northern Power Systems