By Colin Kellaher
Verdant Earth Technologies Ltd. on Monday filed with the U.S. Securities and Exchange Commission for an initial public offering.
The filing by the Australia-based development-stage green energy company indicates that it plans to raise up to $50 million, although that figure is often used as a placeholder to calculate filing fees.
Verdant in the process of repurposing and recommissioning a traditional baseload power plant in New South Wales to run on renewable fuel, with plans to develop a network of renewable energy projects in Australia that would include hydrogen production facilities producing green hydrogen.
Verdant said it expects its shares would trade on Nasdaq under the symbol VDNT.
Write to Colin Kellaher at colin.kellaher@wsj.com