Energy Plug Closes the First Tranche of Non-Brokered Private Placement
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) has closed the first tranche of its non-brokered private placement, raising $1,167,999 through the issuance of 7,786,660 units at $0.15 per unit. Each unit consists of one common share and one purchase warrant with an exercise price of $0.25 per share, valid for one year from the closing date.
The company reports the placement was oversubscribed. The securities will have a regulatory hold period of four months plus one day. The net proceeds will be used for general working capital purposes. As part of the closing, 529,066 Finders Warrants were issued to Haywood Securities Inc. (311,999), Ventum Financial Corp. (162,667), and Research Capital (54,400).
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha chiuso il primo tranche del suo collocamento privato senza intermediari, raccogliendo $1.167.999 attraverso l'emissione di 7.786.660 unità a $0,15 per unità. Ogni unità consiste in un'azione comune e un warrant d'acquisto con un prezzo di esercizio di $0,25 per azione, valido per un anno dalla data di chiusura.
L'azienda segnala che il collocamento è stato sovra-sottoscritto. I titoli avranno un periodo di blocco regolamentare di quattro mesi più un giorno. I proventi netti saranno utilizzati per scopi generali di capitale circolante. Come parte della chiusura, sono stati emessi 529.066 Warrant per Trovatori a Haywood Securities Inc. (311.999), Ventum Financial Corp. (162.667) e Research Capital (54.400).
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) ha cerrado la primera tranche de su colocación privada no mediada, recaudando $1,167,999 a través de la emisión de 7,786,660 unidades a $0.15 por unidad. Cada unidad consiste en una acción común y un warrant de compra con un precio de ejercicio de $0.25 por acción, válido por un año a partir de la fecha de cierre.
La empresa informa que el colocación fue sobreelectado. Los valores tendrán un período de bloqueo regulatorio de cuatro meses más un día. Los ingresos netos se utilizarán para fines generales de capital de trabajo. Como parte del cierre, se emitieron 529,066 Warrants para Buscadores a Haywood Securities Inc. (311,999), Ventum Financial Corp. (162,667) y Research Capital (54,400).
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF)는 중개인이 없는 첫 번째 사모 배정을 마쳤으며, $1,167,999를 모금했습니다. 이는 7,786,660 단위를 주당 $0.15에 발행한 것입니다. 각 단위는 하나의 보통주와 하나의 매수 시한부 옵션으로 구성되어 있으며, 시한부 옵션의 행사가격은 $0.25이며, 종료일로부터 1년간 유효합니다.
회사는 배정이 초과 청약되었음을 보고하고 있습니다. 증권은 4개월과 1일의 규제 보유 기간을 가질 것입니다. 순수익은 일반 운영 자금으로 사용될 것입니다. 종료의 일환으로, 529,066개의 파인더스 워런트가 Haywood Securities Inc. (311,999), Ventum Financial Corp. (162,667), Research Capital (54,400)에게 발행되었습니다.
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) a clôturé la première tranche de son placement privé sans intermédiaire, en levant $1.167.999 par l'émission de 7.786.660 unités à 0,15 $ l'unité. Chaque unité se compose d'une action ordinaire et d'un bon de souscription d'achat avec un prix d'exercice de 0,25 $ par action, valable pendant un an à partir de la date de clôture.
L'entreprise annonce que le placement a été sursouscrit. Les valeurs mobilières auront une période de blocage réglementaire de quatre mois plus un jour. Les produits nets seront utilisés à des fins de fonds de roulement général. Dans le cadre de la clôture, 529.066 bons de souscription de recherche ont été émis à Haywood Securities Inc. (311.999), Ventum Financial Corp. (162.667) et Research Capital (54.400).
Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) hat die erste Tranche seiner nicht vermittelte Privatplatzierung abgeschlossen und $1.167.999 durch die Ausgabe von 7.786.660 Einheiten zu je $0,15 gesammelt. Jede Einheit besteht aus einer Stammaktie und einem Kaufoptionsschein mit einem Ausübungspreis von $0,25 pro Aktie, der ein Jahr ab dem Abschlussdatum gültig ist.
Das Unternehmen berichtet, dass die Platzierung überzeichnet war. Die Wertpapiere haben eine regulative Sperrfrist von vier Monaten plus einem Tag. Die Nettoerlöse werden für allgemeine Betriebsmittel verwendet. Im Rahmen des Abschlusses wurden 529.066 Finder-Warrants an Haywood Securities Inc. (311.999), Ventum Financial Corp. (162.667) und Research Capital (54.400) ausgegeben.
- Successfully raised $1.17 million in capital
- Oversubscribed placement indicating strong investor interest
- Warrants priced at $0.25 represent 67% premium to unit price
- Potential dilution from issuance of 7.79 million new shares
- Additional dilution possible from 8.32 million total warrants if exercised
- Shares locked for 4-month holding period limiting liquidity
Vancouver, British Columbia--(Newsfile Corp. - February 10, 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, it has closed the first tranche of its non-brokered private placement raising gross proceeds of
"We are thrilled to announce an oversubscribed placement in the Company." 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.
In connection with a portion of the closing of the first tranche, an aggregate 529,066 Finders Warrants (311,999 to Haywood Securities Inc., 162,667 to Ventum Financial Corp., and 54,400 to Research Capital Corporation) were issued to certain finders. The Finder's Warrants have the same terms as the warrants issued with the Units.
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
Forward-Looking Information
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 the future plans, estimates and forecasts, 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.
The forward looking statements are based on the assumption that the Company will complete the Private Placement and use the funds as anticipated.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240242
FAQ
How much did Energy Plug Technologies (PLGGF) raise in its first tranche private placement?
What is the exercise price and term for PLGGF's new warrants?
How many finder's warrants did PLGGF issue and to whom?
What is the holding period for PLGGF's private placement securities?
How will PLGGF use the proceeds from the private placement?
