ATIF Holdings Signs Definitive Agreement with Solarever Ltd., a Leading Solar Energy Company in Mexico
ATIF will Receive a 5.25% Equity Stake and Form IPO Listing Team in Support of Solarever’s Future Public Listing
IRVINE, Calif., May 4, 2022 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the “Company,” “ATIF” or “We”), a holding company providing business and financial consulting services in Asia and North America, is pleased to announce that it has signed a definitive agreement to provide IPO advisory services to Solarever Ltd. (“Solarever”), the leading solar energy company in Mexico. Under the terms of the agreement, the Company will receive a 5.25% equity stake in Solarever and lead the IPO process by utilizing internal staff and engaging third parties in auditing, valuation, stock exchange consulting, investor relations, and other IPO services.
Leading designer and manufacturer of solar products, including photovoltaics (PV) panels, energy storage systems, electric vehicles (EV), and other zero-emission solutions operating in solar and electric vehicle sectors
Solarever is the first and currently only domestic electric vehicle company in Mexico that has been granted electric vehicle safety certification and an EV dealer’s license. Solarever is qualified to import electric vehicles to Mexico.
Owns Latin America’s largest solar panel manufacturing plant in Tecoman, Colima, Mexico, and has a total of three plants in Mexico that are considered some of the largest in Latin America
Solarever is considered one of the largest producers of solar panels in Mexico and currently does business in over five countries, including the U.S.
Launched its first EV in 2022 and is licensed to sell EVs in Mexico from US$14,500
PV design facility in Chino, California, and warehouse facilities in Laredo, Texas, and San Diego, California
Why it matters:
Solarever is seeking an initial public offering to scale production across its PV, energy storage solutions, and EV operations
Solarever is a highly-respected leader in PV-based solar technologies and energy storage solutions and has grown revenues since its founding in 2012
Solarever is well-positioned to operate in fast-growing industry sectors related to energy decarbonization and decentralized energy
Solarever has begun production of the SEV e-Wan EV with sizable customer interest and purchase orders
Jun Liu, President, Chairman of the Board, and CEO of ATIF, commented, “We are very proud to deploy our IPO advisory services in support of Solarever as they pursue a public listing that will fuel their next level of growth. Solarever’s business model is similar to Tesla’s; they’ve grown to become one of the largest renewable energy solution providers in Mexico while launching several new EV models that have received significant customer pre-orders. We are excited to prepare Solarever to enter the capital market to fund its operations while providing ATIF the opportunity to invest in Solarever before its IPO, benefiting our shareholders upon a successful future IPO.”
Simon Zhao, President of Solarever, commented, “We are delighted to partner with Mr. Liu and the team at ATIF to help us explore and prepare for an initial public offering. The decision of which IPO advisor to choose was one we approached with tremendous seriousness. I look forward to ATIF’s extraordinary efforts and diligence that will be instrumental in helping us towards achieving our ultimate goal of entering the US capital markets.”
“We believe that solar energy development and infrastructure are vital to maintaining energy security and removing harmful CO2 emissions. Solarever has been doing business in Mexico for the past ten years, growing our market share in Mexico while building our business reputation across hundreds of customers throughout the United States, Canada, Latin America, and more recently, South America. Global energy markets have reached an inflection point, with consumers and investors demanding cleaner energy alternative sources independent of geopolitical events. Solarever has made tremendous efforts in global energy interconnection that addresses these concerns,” concluded Mr. Zhao.
“In turbulent capital markets like we’re witnessing today, experience matters more important than ever. I invite everyone to visit ipoex.com to review the companies that have successfully gone public with our IPO advisory services. Our model simply works – we provide a ‘one-stop-shop‘ platform that allows innovative companies like Solarever to focus on growing their business. At the same time, our team helps lay the foundation for a well-received IPO and life as a publicly-traded company,” concluded Mr. Liu.
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About ATIF Holdings Limited
ATIF Holdings Limited (“ATIF”) is a holding group with business consulting, asset management, and investment businesses, with offices in Los Angeles, California, Hong Kong, and Shenzhen, China. ATIF mainly provides IPO Advisory Services to small and medium-sized enterprises in Asia and North America. ATIF has advised several enterprises in China in their plans to become publicly listed in the United States. ATIF was awarded the “Top 10 Best Listed Companies 2019” from the “Golden Bauhinia Award,” the highest award in Hong Kong’s financial and securities industry. For more information, please visit https://ir.atifchina.com/.
To learn more about IPOEX, our financial services platform, please visit: https://www.ipoex.com/.
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