Energy Plug Announces Private Placement, Grant of Options
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has announced a non-brokered private placement of up to 20,000,000 common shares at $0.05 per share, aiming to raise up to $1,000,000 for general working capital. The company will pay 8% cash and 8% broker's warrants as finders' fees, subject to regulatory approvals. Securities issued will have a four-month plus one-day hold period.
Additionally, Energy Plug has granted 1,725,000 stock options to directors, officers, and consultants. Of these, 1,200,000 will vest immediately, while the remainder will vest quarterly over three years. The options have a strike price of $0.055 and a 36-month term.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha annunciato un collocamento privato non mediato di fino a 20.000.000 di azioni ordinarie a $0,05 per azione, con l'obiettivo di raccogliere fino a $1.000.000 per il capitale operativo generale. La società pagherà un 8% in contante e l'8% in warrant per i broker come commissioni per i promotori, soggetto ad approvazioni regolatorie. I titoli emessi avranno un periodo di blocco di quattro mesi più un giorno.
Inoltre, Energy Plug ha concesso 1.725.000 opzioni su azioni ai direttori, funzionari e consulenti. Di queste, 1.200.000 verranno maturate immediatamente, mentre il resto maturerà trimestralmente per tre anni. Le opzioni hanno un prezzo d'esercizio di $0,055 e un termine di 36 mesi.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha anunciado una colocación privada no mediada de hasta 20,000,000 de acciones comunes a $0.05 por acción, con el objetivo de recaudar hasta $1,000,000 para capital de trabajo general. La empresa pagará un 8% en efectivo y un 8% en warrants de brokers como honorarios de intermediación, sujeto a aprobaciones regulatorias. Los valores emitidos tendrán un período de bloqueo de cuatro meses más un día.
Además, Energy Plug ha otorgado 1,725,000 opciones sobre acciones a directores, funcionarios y consultores. De estas, 1,200,000 se adjudicarán de inmediato, mientras que el resto se adjudicará trimestralmente durante tres años. Las opciones tienen un precio de ejercicio de $0.055 y un plazo de 36 meses.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 비중개 사모 발행으로 최대 20,000,000주를 주당 $0.05에 발행한다고 발표했습니다. 이 자금은 $1,000,000까지 모금하는 것을 목표로 하며, 일반 운영 자본으로 사용됩니다. 회사는 찾는 사람에게 현금 8%와 브로커의 워런트 8%를 수수료로 지급할 예정이며, 이는 규제 승인을 받아야 합니다. 발행되는 증권은 4개월 + 1일의 보유 기간을 가집니다.
또한 Energy Plug는 이사, 임원 및 컨설턴트에게 1,725,000개의 주식 옵션을 부여했습니다. 이 중 1,200,000개는 즉시 행사 가능하며, 나머지는 3년 동안 분기별로 행사 가능합니다. 옵션의 행사 가격은 $0.055이며, 36개월의 기간이 있습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a annoncé un placement privé non intermédiaire pouvant aller jusqu'à 20 000 000 d'actions ordinaires à 0,05 $ par action, visant à lever jusqu'à 1 000 000 $ pour le fonds de roulement général. La société paiera 8 % en espèces et 8 % en bons de souscription de courtiers en tant que frais de finders, sous réserve des approbations réglementaires. Les titres émis auront une période de blocage de quatre mois plus un jour.
De plus, Energy Plug a accordé 1 725 000 options sur actions à des directeurs, dirigeants et consultants. Parmi celles-ci, 1 200 000 seront immédiatement acquises, tandis que le reste sera acquis trimestriellement sur trois ans. Les options ont un prix d'exercice de 0,055 $ et une durée de 36 mois.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat eine nicht vermittelte Privatplatzierung von bis zu 20.000.000 Stammaktien zu je $0,05 pro Aktie angekündigt, mit dem Ziel, bis zu $1.000.000 für das allgemeine Betriebskapital zu sammeln. Das Unternehmen wird 8 % in bar und 8 % Brokerwarrants als Vermittlungsgebühren zahlen, vorbehaltlich der Genehmigungen durch die Aufsichtsbehörden. Die ausgegebenen Wertpapiere unterliegen einer Haltefrist von vier Monaten plus einem Tag.
Zusätzlich hat Energy Plug 1.725.000 Aktienoptionen an Direktoren, Führungskräfte und Berater gewährt. Davon werden 1.200.000 sofort fällig, während der Rest vierteljährlich über drei Jahre fällig wird. Die Optionen haben einen Ausübungspreis von $0,055 und eine Laufzeit von 36 Monaten.
- Potential to raise up to $1,000,000 for working capital
- Grant of 1,725,000 stock options to align interests of directors, officers, and consultants with shareholders
- Potential dilution of existing shareholders due to the issuance of up to 20,000,000 new common shares
- 8% cash and warrant finders' fees may reduce the net proceeds from the private placement
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2024) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), announces that the Company intends to complete a non-brokered private placement (the "Private Placement") consisting of up to 20,000,000 common shares (each, a "Common Share") of the Company at a price of
The Company will pay finders' fees consisting of
All securities issued pursuant to the Private Placement will be subject to a statutory four month plus one day hold period. Closing of the Private Placement is subject to receipt of all required regulatory approvals, including approval from the CSE. The Company may elect to increase or decrease the size of the Private Placement. The Common Shares will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation.
Directors and officers of the Company may acquire securities under the Private Placement, which will be considered a "related party transaction" as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The Company also announces the grant of an aggregate 1,725,000 options to certain directors, officers and consultants of the Company. Certain grants, totaling 1,200,000, will vest immediately. The balance of options granted will vest
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and sustainability. With a focus on residential, commercial, and utility energy storage applications, our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with Indigenous communities, and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable securities legislation. The forward-looking information in this news release includes but is not limited to the statements about the Company's intention to complete the Private Placement and the intended use of funds.
The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various risk factors, including, but not limited to the ability to complete the Private Placement.
The material assumptions used to develop forward-looking information include but are not limited to general business and economic conditions, financial markets conditions and the Company's ability to find qualified investors.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intention to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Investment in the securities of the Company is risky.
Contact Information
Energy Plug Technologies Corp.
Broderick Gunning
President & CEO
brodie@energyplug.com
Investor Relations
Renmark Financial Communications Inc.
1900 - 130 King Street West, Toronto, ON M5X 1E3
John Boidman
jboidman@renmarkfinancial.com
Tel.: (416) 644-2020 or (212)-812-7680
www.renmarkfinancial.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218347
FAQ
What is the price per share for Energy Plug's (PLGGF) private placement?
How much funding is Energy Plug (PLGGF) aiming to raise through the private placement?
What are the terms of the stock options granted by Energy Plug (PLGGF) on July 31, 2024?
What are the finders' fees for Energy Plug's (PLGGF) private placement announced on July 31, 2024?
