Pegasus Legal advised Manilla Solar on its crowd equity (crowd-sourced funding, CSF) capital raise including the drafting of the Offer Document and relevant corporate documentation in readiness for the raise on the Swarmer platform. The raise commenced on 6 December 2023 and closed successfully after 8 days on 14 December 2023.
Pegasus Legal leads the way in crowd equity raises for renewable energy businesses and solar farms. Pegasus Legal advised the successful raise for Komo Energy in 2020, the first-ever utilisation of the CSF regime for a solar farm investment for the Grong Grong Solar Farm in 2022 and a follow-on raise by Grong Grong Solar farm in 2023.
The successful raise for Manilla Solar under the CSF regime further establishes crowd equity as a credible pathway for community investment into energy projects.
