- dynaCERT (DYA) has launched an offering of up to $10,000,000 of carbon credit convertible notes
- Each note is priced at C$1,000 with a maturity date of ten years after the date of issue
- On the fifth anniversary, the notes will be convertible into carbon credits generated by dynaCERT’s HydraGEN technology
- The net proceeds of the financing shall be used for the continued development of its HydraGEN technology business
- dynaCERT Inc. manufactures and distributes carbon emission reduction technology
- dynaCERT Inc. (DYA) is down 6.82 per cent on the day, trading at C$0.205 per share at 10:15 am ET
dynaCERT (DYA) has launched an offering of up to $10,000,000 of carbon credit convertible notes.
The offering is not convertible into common shares and is non-dilutive to shareholders.
Each note is priced at C$1,000 with a maturity date of ten years after the date of issue. Commencing on the fifth anniversary, the notes will be convertible into carbon credits generated by dynaCERT’s HydraGEN technology.
The carbon credit convertible notes will be offered as a non-brokered private placement to institutional investors wishing to gain long-term exposure to carbon credits, including pension funds, mutual funds, growth funds, family offices and high net-worth individuals and large issuers in Canada that purchase carbon credit futures every year and subsequently retire them to offset their Greenhouse Gases (GHG’s) and comply with their ESG requirements. These corporations may include oil & gas producers, pipelines & utilities, mining companies, industries such as manufacturing, chemical or cement plants, airlines and transportation companies.
The net proceeds of the financing shall be used for the continued development of its HydraGEN technology business.
All securities issued will be subject to a statutory four-month hold period.
The company may pay finder’s fees in connection with the offering.
Jim Payne, President & CEO of dynaCERT, commented on the offering.
“Carbon credit convertible notes are an innovative structure offering premium Carbon Credit futures derived from measured and verified emission reductions from the data received from internal combustion engines. This offering is designed to be appealing to companies and issuers that offset their Greenhouse Gas Emissions (GHGs) as well as institutional investors that so far have had limited ways to gain exposure to the potential and growing demand for voluntary Carbon Credits. I believe this is a unique and creative non-dilutive way to finance dynaCERT while helping companies meet their ESG requirements.”
dynaCERT Inc. manufactures and distributes carbon emission reduction technology, along with its proprietary HydraLytica Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for use with internal combustion engines.
dynaCERT Inc. (DYA) is down 6.82 per cent on the day, trading at C$0.205 per share at 10:15 am ET.
