Energy Plug Closes Final Tranche of Non-Brokered Private Placement
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) has completed the final tranche of its non-brokered private placement, raising $185,010 through the issuance of 2,643,000 units at $0.07 per unit. Combined with the previous tranche, the total gross proceeds reached $1,200,194 from 17,145,624 units.
Each unit consists of one common share and one purchase warrant exercisable at $0.10 per share for one year. The warrants include an acceleration clause if shares trade at $0.15 or higher for 20 consecutive days. The securities have a four-month plus one-day hold period.
The company will use proceeds for R&D, product certification, trade payables repayment, and working capital. A finder's fee of $14,000 and 200,000 Finder's Warrants were issued to Canaccord Genuity Corp.
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) ha completato l'ultima tranche del suo collocamento privato non mediato, raccogliendo $185,010 attraverso l'emissione di 2.643.000 unità a $0,07 per unità. Insieme alla tranche precedente, l'importo totale lordo è arrivato a $1.200.194 da 17.145.624 unità.
Ogni unità è composta da una azione comune e un warrant d'acquisto esercitabile a $0,10 per azione per un anno. I warrant includono una clausola di accelerazione se le azioni vengono scambiate a $0,15 o più per 20 giorni consecutivi. I valori mobiliari hanno un periodo di blocco di quattro mesi più un giorno.
L'azienda utilizzerà i proventi per R&D, certificazione del prodotto, rimborso dei debiti commerciali e capitale operativo. È stata rilasciata una commissione di intermediazione di $14,000 e 200.000 Warrant per Intermediari a Canaccord Genuity Corp.
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) ha completado la última tranche de su colocación privada no mediada, recaudando $185,010 a través de la emisión de 2,643,000 unidades a $0.07 por unidad. En conjunto con la tranche anterior, los ingresos brutos totales alcanzaron $1,200,194 de 17,145,624 unidades.
Cada unidad consiste en una acción común y una opción de compra ejercitable a $0.10 por acción durante un año. Las opciones incluyen una cláusula de aceleración si las acciones se negocian a $0.15 o más durante 20 días consecutivos. Los valores tienen un período de retención de cuatro meses más un día.
La empresa utilizará los ingresos para I+D, certificación de productos, reembolso de cuentas por pagar comerciales y capital de trabajo. Se emitió una tarifa de intermediación de $14,000 y 200,000 Opciones para Intermediarios a Canaccord Genuity Corp.
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF)는 중개인이 없는 사모판매의 마지막 차수를 완료하여 $185,010을 조달하였습니다. 이는 $0.07에 2,643,000 유닛을 발행한 결과입니다. 이전 차수를 합하면 총 매출은 17,145,624 유닛에서 $1,200,194에 달합니다.
각 유닛은 하나의 보통주와 하나의 매수 워런트로 구성되어 있으며, 이는 1년 동안 주당 $0.10에 행사할 수 있습니다. 워런트에는 주식이 20일 연속으로 $0.15 이상으로 거래될 경우 가속 조항이 포함되어 있습니다. 증권은 4개월 + 1일의 홀드 기간이 있습니다.
회사는 연구 및 개발(R&D), 제품 인증, 거래 채무 상환 및 운영 자본을 위해 수익금을 사용할 것입니다. Canaccord Genuity Corp에는 $14,000의 소개 수수료와 200,000개의 소개 워런트가 발급되었습니다.
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) a complété la dernière tranche de son placement privé non sollicité, levant $185,010 grâce à l'émission de 2,643,000 unités à $0,07 par unité. En ajoutant la tranche précédente, les produits bruts s'élèvent à $1,200,194 provenant de 17,145,624 unités.
Chaque unité comprend une action ordinaire et un bon de souscription exerçable à $0,10 par action pendant un an. Les bons incluent une clause d'accélération si les actions se négocient à $0,15 ou plus pendant 20 jours consécutifs. Les valeurs mobilières sont soumises à une période de blocage de quatre mois plus un jour.
L'entreprise utilisera les recettes pour la R&D, la certification des produits, le remboursement des dettes commerciales et le fonds de roulement. Une commission de 14 000 $ et 200 000 bons de souscription ont été émis à Canaccord Genuity Corp.
Energy Plug Technologies Corp (CSE: PLUG) (OTCQB: PLGGF) hat die letzte Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $185,010 durch die Ausgabe von 2.643.000 Einheiten zu je $0,07 pro Einheit gesammelt. Zusammen mit der vorherigen Tranche beläuft sich der gesamte Bruttoerlös auf $1.200.194 aus 17.145.624 Einheiten.
Jede Einheit besteht aus einer Stammaktie und einer Kaufwarrant, die für ein Jahr zu $0,10 pro Aktie ausgeübt werden können. Die Warrants enthalten eine Beschleunigungsklausel, wenn die Aktien 20 aufeinanderfolgende Tage lang bei $0,15 oder mehr gehandelt werden. Die Wertpapiere unterliegen einer Haltedauer von vier Monaten plus einem Tag.
Das Unternehmen wird die Einnahmen für Forschung und Entwicklung (F&E), Produktzertifizierungen, Rückzahlungen von Handelsverbindlichkeiten und Betriebsmit capital verwenden. Eine Findergebühr von $14,000 und 200.000 Finder-Warrants wurden an Canaccord Genuity Corp ausgegeben.
- Successfully raised $1.2M in total gross proceeds
- Secured additional working capital for R&D and product certification
- Significant shareholder dilution through issuance of 17.1M new units
- Low unit pricing at $0.07 indicates weak market valuation
- Additional potential dilution from 17.1M warrants if exercised
Vancouver, British Columbia--(Newsfile Corp. - January 6, 2025) - Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) ("Energy Plug" or the "Company"), is pleased to announce that, further to its press releases dated December 2, 2024, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement"), issuing 2,643,000 units (each, a "Unit") at a price of
Each Unit is comprised of one common share and one common share purchase warrant (the "Warrant") having an exercise price of
The securities issued as part of the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. The Company intends to use the net proceeds raised from the Private Placement for research and development, product certification, repayment of trade payables, and general working capital.
In connection with a portion of the final tranche of the Private Placement, a cash finder's fee of
About Energy Plug Technologies Corp.
Energy Plug Technologies Corp. is an energy technology company dedicated to innovation and sustainability. With a focus on energy storage applications for residential, commercial, and utility sectors, the company advances battery technologies to enhance energy management and grid resiliency. Based in British Columbia, Energy Plug partners with leading technology companies and Indigenous communities to deliver cutting-edge solutions. For more information, visit https://energyplug.com.
Forward-Looking Statements
This news release contains forward-looking information within the meaning of applicable securities legislation. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "will", "proposes", "expects", "seeks", "estimates", "intends", "anticipates" or "believes", or variations (including negative and grammatical variations) of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the anticipated use of any proceeds raised under the Private Placement.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: delays in obtaining or failures to obtain required regulatory approvals for the Private Placement from the CSE; market uncertainty; and the inability of the Company to apply the proceeds of the Private Placement as intended.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236111
FAQ
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