Filed pursuant to Rule 424(b)(7)
Registration No. 333-261237
PROSPECTUS | | | | | DATED JANUARY 28, 2022 |
iSUN, INC.
SHARES OF COMMON STOCK
This Prospectus relates to the offer and resale by the selling stockholders identified in this Prospectus (the “Selling Stockholders”) of 1,810,915 shares (the “Shares”) of Common Stock, $0.0001 par value per share (the “Common Stock”), of iSun, Inc. (the “Company”, “we”, “us” or “our”). We are registering the resale of the Shares in connection with the issuance of the Shares as part of the merger consideration under an Agreement and Plan of Merger dated September 8, 2021 by and among the Company, iSun Residential Merger Sub, Inc. (“Merger Sub”), a Vermont corporation and wholly-owned subsidiary of iSun Residential, Inc., a Delaware corporation and wholly-owned subsidiary of the Company, SolarCommunities, Inc. d/b/a “SunCommon” , a Vermont benefit corporation, Duane Peterson, James Moore, and Jeffrey Irish, as Shareholder Representatives (the “Merger Agreement”), pursuant to which Merger Sub merged with and into SolarCommunities, Inc. (the “Merger”).
We are registering the Shares on behalf of the Selling Stockholders, to be offered and sold by them from time to time. We will not receive any proceeds from the sale of the Shares offered by this Prospectus. We have agreed to bear all of the expenses incurred in connection with the registration of the Shares. The Selling Stockholders will pay or assume discounts, commissions, fees of underwriters, selling brokers or dealer managers and similar expenses, if any, incurred for the sale of the Shares.
The Selling Stockholders identified in this Prospectus, or their respective transferees, pledgees, donees or other successors-in-interest, may offer the Shares from time to time through public or private transactions at prevailing market prices, at prices related to prevailing market prices or at privately negotiated prices. For additional information on the methods of sale for the Shares that may be used by the Selling Stockholders, see the section entitled “Plan of Distribution” on page 10. For a list of the Selling Stockholders, see the section entitled “Selling Stockholders” on page 6.
We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act, and, as such, are allowed to provide more limited disclosures than an issuer that would not so qualify. This prospectus describes the general manner in which the Shares may be offered and sold. If necessary, the specific manner in which the Shares may be offered and sold will be described in a supplement to this prospectus.
Our Common Stock is traded on the Nasdaq Capital Market under the symbol “ISUN.”
Investing in our Common Stock involves risks. See “Risk Factors” beginning on page 4 of this Prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of this prospectus. Any representation to the contrary is a criminal offense.
The date of this Prospectus is January 28, 2022