Simply Solar joins BME Scaleup on March 26
Tuesday, 25/03//2025
The Board of Directors of BME Scaleup has approved the incorporation of Praxia Energy's spinn off on 26 March, once all the documentation submitted by the company has been analysed and studied and a favourable evaluation report has been issued by the Market Coordination and Incorporations Committee.
Our Collaborator, Simply Solar, which is the fifth to join the BME growth markets in 2025, starts with a valuation of 4.7 million euros.
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Value of the company
The Board of Directors of the company, which is the fifth company to join the BME growth markets so far this year, has taken a price of 4.30 euros per share as a reference for the start of trading in the shares, which represents a total value of the company of 4.7 million euros.
Pablo Cuesta, Simply Solar's CEO, celebrated "Being a Listed company is a huge endorsement for our international growth. We offer very competitive and bankable Photovoltaic Carports and Structures. We also offer 2 year payment terms, and a solid product guarantee. Thank you BME, we will honor this responsability".
The trading code of the company is “SCSS”. The company's Registered Advisor is Orbyn Capital Markets
Simply Solar, as a subsidiary of Praxia Energy, is specifically dedicated to the engineering and manufacturing of photovoltaic canopies for parking areas, communication antennas, and energy communities. It is focused on innovation and simplicity, with the goal of making solar energy more affordable.
The Initial Market Access Document for the Simply Solar is available on the BME Scaleup website, where you can find all the information about the company and its business.
The growth markets of BME (BME Growth and BME Scaleup) are aimed at small and medium-sized enterprises. In 2024, these markets welcomed 23 new companies and now have more than 150 companies listed for trading. BME Growth allows small-cap companies from all sectors, with a significant presence of technology companies, to finance their growth, with recurring access to capital increases and a broad base of national and international investors.
For its part, BME Scaleup is especially oriented towards scaleups, although it is also open to other types of companies such as SMEs, REITs, or family businesses. This market adapts to the needs of these companies by relaxing the incorporation requirements while offering the necessary transparency to investors. Among the advantages of accessing capital markets for small and medium-sized enterprises are financing, reputation, visibility, a boost to inorganic growth, and greater ease in attracting and retaining talent.
With these growth markets, BME completes its service offering. BME has a market for every type of company, from the first approaches to capital markets with the formation of the Pre-Market Environment, to large companies listed on the Stock Exchange.
Image: BME
By INFOENERGETICS