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"Rather than staging an initial public offering, the goal of many tech startups, Sungevity will merge with Easterly Acquisition Corp., a blank-check business with no operating assets of its own, set up by investors for the purpose of taking a private company public. “We have always considered ourselves to be the ‘disruptor’ within a disruptive industry,” said Andrew Birch, Sungevity’s chief executive officer, in a press release. Easterly’s management has a track record of bringing innovative, growing companies to public shareholders, and we expect that our merger will enhance our ability to innovate and grow as we strive to provide the highest customer experience to our expanding customer base. Easterly Chairman Darrell Crate said that investors are interested in the solar industry but don’t like the complexity of many of the companies, some of which make their own panels, sell them and install them. The company focuses on customer service", www.sfchronicle.com
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