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Aegis Capital Corp. Acted as Sole Bookrunner on a $10 Million Underwritten Public Offering for CN Energy Group Inc. (NASDAQ:CNEY)

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CN Energy Group Inc. (NASDAQ:CNEY) has announced a $10 million underwritten public offering facilitated by Aegis Capital Corp. as the Sole Bookrunner.

This offering aims to bolster the company's financial resources, focused on producing high-quality recyclable activated carbon and renewable energy via proprietary bioengineering technologies. CN Energy specializes in converting agricultural residues into valuable products, serving various sectors including food, pharmaceuticals, and environmental protection.

Positive
  • The $10 million offering aims to enhance financial capacity for growth.
  • Positioned as a leader in renewable energy and activated carbon production with patented technologies.
Negative
  • No immediate negative factors identified.

NEW YORK, NY / ACCESSWIRE / February 1, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $10 Million Underwritten Public Offering for CN Energy Group Inc. (NASDAQ:CNEY).

About CN Energy Group Inc.

CN Energy Group. Inc. is currently listed on NASDAQ under the symbol of CNEY. With patented proprietary bioengineering and physiochemical technologies, CNEY has pioneered and specialized in producing high-quality recyclable activated carbon and renewable energy from abandoned forest and agricultural residues, converting harmful wastes into invaluable wealth and delivering significant financial, economic, environmental, and ecologic benefits. CENY's products and services have been widely used by food and beverage producers, industrial and pharmaceutical manufacturers, as well as environmental protection enterprises.

For more information, please visit: https://www.cneny.com

Aegis Capital Corp., Wednesday, February 1, 2023, Press release picture

About Aegis Capital Corporation

Aegis Capital Corporation ("Aegis") has been in the wealth management and investment banking business since 1984. Aegis is dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. Aegis also provides research and sales and trading services to institutional investors. Aegis offers its investment representatives a conflict free service platform and is able to provide a full-range of products and services including investment banking, wealth management, insurance, retirement planning, structured products, private equity, alternatives, equity research, fixed income and special purpose vehicles.

For more information about this offering or Investment Banking Services please email Banking@aegiscap.com or call (212) 813-1010.

Aegis Capital Corp., Wednesday, February 1, 2023, Press release picture

www.aegiscapcorp.com

Brokerage and investment advisory services are offered through Aegis Capital Corporation, a member of FINRA and SIPC. Investment and insurance products offered are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.

SOURCE: Aegis Capital Corp.



View source version on accesswire.com:
https://www.accesswire.com/737713/Aegis-Capital-Corp-Acted-as-Sole-Bookrunner-on-a-10-Million-Underwritten-Public-Offering-for-CN-Energy-Group-Inc-NASDAQCNEY

FAQ

What is the purpose of CN Energy Group's recent public offering?

The $10 million offering aims to strengthen the company's financial resources for growth and innovation.

Who acted as the bookrunner for CN Energy Group's public offering?

Aegis Capital Corp. served as the Sole Bookrunner for the offering.

How will the funds from the public offering be used by CN Energy Group?

The funds are intended to enhance financial capacity for growth in producing recyclable activated carbon and renewable energy.

What are the key products of CN Energy Group Inc.?

CN Energy specializes in producing recyclable activated carbon and renewable energy from agricultural and forest residues.

What sectors does CN Energy Group cater to with its products?

CN Energy's products serve food and beverage producers, industrial and pharmaceutical manufacturers, and environmental protection enterprises.

CN Energy Group Inc.

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