Energy Plug Closes Oversubscribed Non-Brokered Private Placement
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has successfully closed the second and final tranche of its non-brokered private placement, raising $50,000 through the issuance of 333,333 units at $0.15 per unit. Each unit includes one common share and one warrant exercisable at $0.25 for one year.
The total private placement was oversubscribed, raising aggregate gross proceeds of $1,217,999 through the issuance of 8,119,993 units. The securities will have a four-month plus one day regulatory hold period. The company plans to use the net proceeds for general working capital purposes. No finder's fees were paid for the final tranche.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha chiuso con successo la seconda e ultima tranche del suo collocamento privato non mediato, raccogliendo $50,000 tramite l'emissione di 333,333 unità a $0.15 per unità. Ogni unità comprende un'azione comune e un warrant esercitabile a $0.25 per un anno.
Il collocamento privato totale è stato sovrascritto, raccogliendo proventi lordi aggregati di $1,217,999 tramite l'emissione di 8,119,993 unità. I titoli avranno un periodo di blocco regolatorio di quattro mesi più un giorno. L'azienda prevede di utilizzare i proventi netti per scopi generali di capitale circolante. Non sono state pagate commissioni di intermediazione per l'ultima tranche.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha cerrado con éxito la segunda y última tranche de su colocación privada no mediada, recaudando $50,000 a través de la emisión de 333,333 unidades a $0.15 por unidad. Cada unidad incluye una acción común y una opción de compra ejercitable a $0.25 durante un año.
El total de la colocación privada fue sobreeescrita, recaudando ingresos brutos agregados de $1,217,999 a través de la emisión de 8,119,993 unidades. Los valores tendrán un periodo de retención regulatoria de cuatro meses más un día. La compañía planea utilizar los ingresos netos para fines generales de capital de trabajo. No se pagaron comisiones de intermediación por la última tranche.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 중개인이 없는 사모 배치를 성공적으로 마감하며 $50,000를 조달했습니다. 이는 단위당 $0.15에 333,333개의 유닛을 발행한 것입니다. 각 유닛에는 하나의 보통주와 1년간 $0.25에 행사 가능한 워런트가 포함되어 있습니다.
총 사모 배치는 초과 구독되어 8,119,993개의 유닛 발행을 통해 총 $1,217,999의 총 수익을 올렸습니다. 증권은 4개월 + 1일의 규제 보유 기간이 있습니다. 회사는 순수익을 일반 운영 자금으로 사용할 계획입니다. 마지막 트랜치에 대한 중개 수수료는 지급되지 않았습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a réussi à clôturer la deuxième et dernière tranche de son placement privé non intermédiaire, levant $50,000 grâce à l'émission de 333,333 unités à 0,15 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription exerçable à 0,25 $ pendant un an.
Le placement privé total a été sursouscrit, levant des produits bruts totaux de $1,217,999 grâce à l'émission de 8,119,993 unités. Les titres auront une période de blocage réglementaire de quatre mois plus un jour. La société prévoit d'utiliser les produits nets à des fins générales de fonds de roulement. Aucune commission de courtage n'a été payée pour la dernière tranche.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat erfolgreich die zweite und letzte Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $50,000 durch die Ausgabe von 333,333 Einheiten zu einem Preis von $0.15 pro Einheit gesammelt. Jede Einheit beinhaltet eine Stammaktie und einen Warrant, der für ein Jahr zu $0.25 ausgeübt werden kann.
Die gesamte Privatplatzierung war überzeichnet und erzielte Gesamterlöse von $1,217,999 durch die Ausgabe von 8,119,993 Einheiten. Die Wertpapiere unterliegen einer regulatorischen Haltedauer von vier Monaten plus einem Tag. Das Unternehmen plant, die Nettomittel für allgemeine Betriebskapitalzwecke zu verwenden. Für die letzte Tranche wurden keine Vermittlungsgebühren gezahlt.
- Successfully raised $1.22 million in oversubscribed private placement
- Strong investor interest demonstrated by oversubscription
- No finder's fees paid on final tranche, reducing costs
- Potential dilution from issuance of 8,119,993 new units
- Additional dilution possible from warrant exercise at $0.25/share
Vancouver, British Columbia--(Newsfile Corp. - February 14, 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 January 22, 2025 and February 10, 2025, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement"), issuing 333,333 units (each, a "Unit") at a price of
"We sincerely appreciate the strong investor interest level with the closing of this oversubscribed private placement. This financing brings new participants who offer strategic perspectives and is also a reflection of the work and progress made by the team over the past few months," said Paul Dickson, CEO of Energy Plug Technologies.
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 general working capital purposes.
No finder's fees were paid in connection with the final tranche of the Private Placement.
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 solutions. For more information, visit https://energyplug.com.
Contact Information
Energy Plug Technologies Corp.
Paul Dickson
CEO, Director
info@energyplug.com
(604) 283-1262
Cautionary Note Regarding Forward-Looking Information
This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact included herein, including, without limitation, statements relating to future events or achievements of the Company, the timing of closing of the Offering, proceeds received and use of funds of the Offering, are forward-looking statements. There is no assurance that (i) the Company will be able to complete the Offering on the terms set out above, or at all, or (ii) that the proceeds of the Offering will be expended as contemplated. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these matters. Energy Plug does not assume any obligation to update the forward-looking statements should they change, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241034
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