NU E Power Announces Letter of Intent to Acquire Blu Dot Systems
Nu E Power Corp (CSE: NUE, OTC: NUEPF) has entered into a non-binding letter of intent dated January 17, 2025, to acquire Blu Dot Systems, a private Alberta specializing in solar farm construction and maintenance. The proposed transaction involves acquiring all outstanding Blu Dot shares in exchange for 8,500,000 Nu E Power common shares at $0.54 per share.
Blu Dot's expertise includes low and medium voltage switchgear, motor control systems for data centres, and large energy infrastructure applications. They develop custom engineered products, e-buildings, and provide site electrical and mechanical construction solutions.
The transaction requires completion of due diligence, definitive documentation, and regulatory approvals. As Devon Sandford, Nu E Power's CEO, is a director and shareholder of Blu Dot, the deal may be considered a "related party transaction" under MI 61-101.
Nu E Power Corp (CSE: NUE, OTC: NUEPF) ha firmato una lettera di intenti non vincolante datata 17 gennaio 2025, per acquisire Blu Dot Systems, un'azienda privata dell'Alberta specializzata nella costruzione e manutenzione di impianti solari. La transazione proposta prevede l'acquisizione di tutte le azioni in circolazione di Blu Dot in cambio di 8.500.000 azioni ordinarie di Nu E Power a 0,54 dollari per azione.
La competenza di Blu Dot include cabine di bassa e media tensione, sistemi di controllo motore per data center e applicazioni per grandi infrastrutture energetiche. Sviluppano prodotti ingegnerizzati su misura, edifici elettronici e forniscono soluzioni elettriche e meccaniche per la costruzione in loco.
La transazione richiede il completamento della due diligence, documentazione definitiva e approvazioni regolatorie. Poiché Devon Sandford, CEO di Nu E Power, è un direttore e azionista di Blu Dot, l'affare potrebbe essere considerato una
Nu E Power Corp (CSE: NUE, OTC: NUEPF) ha firmado una carta de intención no vinculante con fecha 17 de enero de 2025, para adquirir Blu Dot Systems, una empresa privada de Alberta especializada en la construcción y mantenimiento de granjas solares. La transacción propuesta involucra la adquisición de todas las acciones en circulación de Blu Dot a cambio de 8.500.000 acciones ordinarias de Nu E Power a 0,54 dólares por acción.
La experiencia de Blu Dot incluye equipos de conmutación de baja y media tensión, sistemas de control de motores para centros de datos y aplicaciones de infraestructura energética a gran escala. Desarrollan productos personalizados de ingeniería, edificios electrónicos y brindan soluciones de construcción eléctrica y mecánica en el sitio.
La transacción requiere la finalización de la debida diligencia, documentación definitiva y aprobaciones regulatorias. Dado que Devon Sandford, CEO de Nu E Power, es director y accionista de Blu Dot, el negocio puede considerarse una
Nu E Power Corp (CSE: NUE, OTC: NUEPF)는 2025년 1월 17일 자 비구속 의향서를 체결하고, 태양광 발전소 건설 및 유지 보수를 전문으로 하는 앨버타의 사기업 Blu Dot Systems을 인수하기로 했습니다. 제안된 거래는 Blu Dot의 모든 발행 주식을 Nu E Power의 보통주 8,500,000주와 1주당 0.54달러에 교환하여 인수하는 내용을 포함합니다.
Blu Dot의 전문 기술에는 저전압 및 중전압 스위치 기어, 데이터 센터용 모터 제어 시스템, 대규모 에너지 인프라 응용 프로그램이 포함됩니다. 그들은 맞춤형 엔지니어링 제품, 전자 건물 개발을 하고 현장 전기 및 기계 시공 솔루션을 제공합니다.
이 거래는 실사, 최종 서류 및 규제 승인이 완료되어야 합니다. Nu E Power의 CEO인 Devon Sandford가 Blu Dot의 이사 및 주주이기 때문에 이 거래는 MI 61-101에 따라
Nu E Power Corp (CSE: NUE, OTC: NUEPF) a signé une lettre d'intention non contraignante en date du 17 janvier 2025, pour acquérir Blu Dot Systems, une entreprise privée de l'Alberta spécialisée dans la construction et la maintenance de fermes solaires. La transaction proposée consiste à acquérir toutes les actions en circulation de Blu Dot en échange de 8 500 000 actions ordinaires de Nu E Power à 0,54 $ par action.
L'expertise de Blu Dot comprend des équipements de commutation basse et moyenne tension, des systèmes de contrôle de moteurs pour centres de données et des applications pour de grandes infrastructures énergétiques. Ils développent des produits d'ingénierie sur mesure, des bâtiments électroniques et fournissent des solutions de construction électrique et mécanique sur site.
La transaction nécessite l'achèvement de la diligence raisonnable, de la documentation définitive et des approbations réglementaires. Comme Devon Sandford, PDG de Nu E Power, est directeur et actionnaire de Blu Dot, l'accord pourrait être considéré comme une
Nu E Power Corp (CSE: NUE, OTC: NUEPF) hat am 17. Januar 2025 einen nicht verbindlichen Letter of Intent zum Erwerb von Blu Dot Systems unterzeichnet, einem privaten Unternehmen aus Alberta, das sich auf den Bau und die Wartung von Solarparks spezialisiert hat. Die vorgeschlagene Transaktion umfasst den Erwerb aller ausstehenden Aktien von Blu Dot im Austausch gegen 8.500.000 Stammaktien von Nu E Power zu je 0,54 US-Dollar pro Aktie.
Die Fachkenntnisse von Blu Dot beinhalten Schaltanlagen für Niederspannung und Mittelspannung, Motorsteuerungssysteme für Rechenzentren und Anwendungen für große Energieinfrastrukturen. Sie entwickeln maßgeschneiderte Ingenieurprodukte, E-Gebäude und bieten elektrische und mechanische Baudienstleistungen vor Ort an.
Die Transaktion erfordert den Abschluss der Due Diligence, endgültige Dokumentationen und behördliche Genehmigungen. Da Devon Sandford, CEO von Nu E Power, auch Direktor und Gesellschafter von Blu Dot ist, könnte der Deal als
- Potential acquisition expands into solar farm construction and data center infrastructure
- Strategic addition of custom engineering and green solutions capabilities
- Transaction valued at approximately $4.59 million (8.5M shares at $0.54)
- Transaction is subject to multiple conditions and may not complete
- Related party transaction raises potential conflict of interest concerns
- Share issuance will cause dilution for existing shareholders
Calgary, Alberta--(Newsfile Corp. - January 20, 2025) - Nu E Power Corp. (CSE: NUE) (OTC Pink: NUEPF) (the "Company") is pleased to announce that it has entered into a non-binding letter of intent (the "Letter of Intent"), dated January 17, 2025, with Blu Dot Systems Inc. ("Blu Dot"), to review a potential acquisition (the "Proposed Transaction") of Blu Dot. Blu Dot is a privately held corporation, established under the Business Corporations Act (Alberta), which specializes in solar farm construction and maintenance, low and medium voltage switchgear and motor control systems for Large scale Industrial footprints like Data Centres and Large Energy Infrastructure applications.
Blu Dot develops custom engineered products including e-buildings, site electrical and mechanical construction and design solutions, and has the ability to install and design commercial and industrial systems for Data Centres and green solutions.
Pursuant to the terms of the Letter of Intent, it is contemplated that the Company would acquire all of the outstanding share capital of Blu Dot in consideration for the issuance of 8,500,000 common shares ("Share") at a deemed price of
Readers are cautioned that completion of the Proposed Transaction remains subject to a number of conditions, including, but not limited to, completion of due diligence, negotiation of definitive documentation and the receipt of any required regulatory approvals. The Proposed Transaction cannot be completed until these conditions are satisfied, and there can be no assurance that the Proposed Transaction will be completed at all. The Proposed Transaction is not expected to constitute a fundamental change for the Company, nor is it expected to result in a change of control of the Company, within the meaning of applicable securities laws and the policies of the Canadian Securities Exchange.
Devon Sandford, the Chief Executive Officer of the Company, is a director and shareholder of Blu Dot. As a result, the Proposed Transaction may be considered a "related party transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. The Company will provide further information regarding the Proposed Transaction, and any related party aspects, as its due diligence process is completed.
About Nu E Power Corp.
Nu E Power Corp. is a green energy company focused on the developing, construction, and operating clean and renewable energy infrastructure across North America. The Company has a partnership with Low Carbon Canada Solar Limited, a subsidiary of the UK based renewables major, Low Carbon Investment Management Ltd. To facilitate non-dilutive investment into the Company with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.
Contact Information
John Newman, Chief Financial Officer
Email: john@nu-ecorp.com
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
This press release contains statements which constitute "forward-looking information" within the meaning of applicable Canadian securities laws. Forward-looking information is often identified by the words "may," "would," "could," "should," "will," "intend," "plan," "anticipate," "believe," "estimate," "expect" or similar expressions. Readers are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning the business of the Company's future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to reach final terms with Blu Dot in respect of the Proposed Transaction, the ability to develop 2GW of renewable energy projects in Canada by 2030, general economic, business and political conditions, including changes in the financial markets; decreases in the prevailing prices for products in the markets that the Company operates in; adverse changes in applicable laws or adverse changes in the application or enforcement of current laws; regulations and enforcement priorities of governmental authorities; compliance with government regulation and related costs; and other risks described in the Listing Statement of Nu E posted on SEDAR+. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
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FAQ
What is the value of Nu E Power's (NUEPF) acquisition of Blu Dot Systems?
What are Blu Dot Systems' main business activities being acquired by NUEPF?
When is the Nu E Power (NUEPF) acquisition of Blu Dot Systems expected to close?
Why is NUEPF's acquisition of Blu Dot Systems considered a related party transaction?
