Wirepath Home Systems, LLC (doing business as SnapAV), announced Wednesday that its parent company has confidentially submitted a draft registration statement on Form S-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of the company’s common stock. The manufacturer and distributor is in the connected home technology market and owns brands like Control4, SunBrightTV, Wirepath and Episode. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is expected to commence after the SEC completes its review process, subject to market and other conditions.
Founded in 2005 and based in Charlotte, North Carolina, SnapAV is a manufacturer and distributor of AV, security and network installation products. The company has distribution centers in North Carolina, Texas and California and directly serves the continental U.S. It also serves international distribution partners in Canada, Latin America, Australia, Russia, Ireland and China.
A note from SnapAV: This news release is being made pursuant to and in accordance with Rule 135 under the Securities Act of 1933, as amended, and does not constitute an offer to sell or the solicitation of an offer to buy securities. It shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.