Pioneer Power Solutions (PPSI) Registration filing summary

Company overview and business model

• Designs, manufactures, integrates, services, and sells distributed energy resources, on-site power generation equipment, and mobile EV charging solutions for utility, industrial, and commercial markets.

• Customers include government entities, package delivery businesses, school bus fleet operators, EV charging infrastructure developers, and distributed energy developers.

• Operates from headquarters in New Jersey and two additional U.S. locations for manufacturing, service, engineering, and sales.

• Focuses on internal investments in product development and expansion of manufacturing, engineering, sales, and marketing personnel.

• Critical Power Solutions segment provides mobile EV charging, on-site power systems, power generation equipment, and related services under Pioneer eMobility and Pioneer Critical Power brands.

Financial performance and metrics

• As of August 28, 2026, public float was approximately $32.26 million, based on 8,603,020 shares held by non-affiliates at $3.75 per share.

• Net tangible book value as of June 30, 2026, was $2.23 per share; after the offering, as adjusted, $2.35 per share.

• Immediate dilution to new investors estimated at $0.52 per share if shares are sold at $2.87 per share.

Use of proceeds and capital allocation

• Net proceeds intended for general corporate purposes, including working capital and capital expenditures.

• May use proceeds to fund acquisitions of businesses, technologies, or product lines that complement current operations.

• Management has broad discretion over use of proceeds; actual expenditures may vary based on operational and market factors.

• Pending use, proceeds may be invested in investment-grade, interest-bearing securities or held as cash.