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flag Energys Group, despite a net loss, plans a $13M IPO to fund energy-saving solutions.

flag Energys Group Ltd., a UK-based energy service company, plans to raise $13 million through an IPO on April 1st by issuing 2,300,000 shares priced between $4.50 and $6.50 each. flag Despite reporting a net loss of $2.2 million on $10.4 million in revenue last year, the company aims to provide energy-saving solutions to reduce CO2 emissions and save costs for public and private organizations. flag Joseph Stone Capital LLC will underwrite the IPO.

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