- EverGen Infrastructure (EVGN) has completed its initial public offering for gross proceeds of C$20,020,000
- The company sold 3,080,000 units at $6.50 per unit
- The proceeds will allow EverGen to continue expanding its infrastructure network
- EverGen Infrastructure owns and operates a portfolio of renewable natural gas, waste to energy and related infrastructure projects
- EverGen Infrastructure (EVGN) is down by 5.02 per cent and is currently trading at $5.87 per share
EverGen Infrastructure (EVGN) has completed its initial public offering for gross proceeds of C$20,020,000.
The company sold 3,080,000 units at $6.50 per unit.
Each unit consists of one common share and one-half of one common share purchase warrant.
Each warrant entitles the holder to purchase one common share for $10.50 until August 4, 2023.
If the over-allotment option is exercised in full, EverGen will raise additional gross proceeds of $3,003,000.
The proceeds will allow the company to continue expanding its infrastructure network following its recent acquisition of Sea to Sky Soils, Net Zero Waste Abbotsford and Fraser Valley Biogas.
A syndicate of underwriters led by Desjardins Capital Markets, Clarus Securities, Echelon Wealth Partners and RBC Capital Markets conducted the offering together with Haywood Securities and PI Financial.
EverGen Infrastructure owns and operates a portfolio of renewable natural gas, waste to energy and related infrastructure projects.
EverGen Infrastructure (EVGN) is down by 5.02 per cent and is currently trading at $5.87 per share as of 12:44 pm ET.