- FuelPositive (NHHH) has closed its C$7 million private placement with U.S. institutional investors
- The company will use the proceeds to deploy its carbon-free ammonia systems into high-profile demonstration projects throughout 2022
- FuelPositive provides clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications
- FuelPositive (NHHH) is unchanged trading at $0.175 per share
FuelPositive (NHHH) has closed its C$7 million private placement with U.S. institutional investors.
The placement comprised of 30,434,784 common shares – and warrants to purchase up to 30,434,784 common shares – for $0.23 per share and associated warrant.
The warrants are priced at $0.255 per common share and are exercisable until October 28, 2024.
The company will use the proceeds to deploy its carbon-free ammonia systems into high-profile demonstration projects throughout 2022, as well as for general corporate purposes.
H.C. Wainwright & Co. acted as the exclusive placement agent for the private placement in the United States.
No securities were offered or sold to Canadian residents in connection with the private placement.
FuelPositive seeks to change the course of climate change through clean energy solutions, including carbon-free ammonia, for use across a broad spectrum of industries and applications.
FuelPositive (NHHH) is unchanged trading at $0.175 per share as of 10:01 am ET.