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BIG DEAL: Eguana Technologies closes $20 million Private Placement of Special Warrants

Feb 25, 2021

Logo - Eguana Technologies Inc.

Eguana Technologies Inc. (TSX.V: EGT) (OTCQB: EGTYF), an Alberta-based designer and manufacturer of high performance residential and commercial energy storage systems, completed its previously-announced private placement of special warrants of the Company (the “Special Warrants”) for aggregate gross proceeds of $20 million (the “Offering”). Pursuant to the Offering, the Company issued 50 million Special Warrants at a price of $0.40 per Special Warrant. Stifel GMP and Cormark Securities Inc., acted as co-lead and joint bookrunners, together with Mackie Research Capital Corporation (the “Agents”). In addition, and in connection with the Offering, Fort Capital Partners acted as a capital markets advisor to the Company.

Minden Gross LLP acted for Eguana with a team led by Andrew Elbaz (Partner), Alexander Katznelson (Associate), and Darren Nguyen (Associate) – Securities and Capital Markets.

Read the media release here:

Image: Andrew Elbaz - Securities and Capital MarketsImage: Alexander Katznelson, Business Law LawyerImage: Darren Nguyen, Business Law Lawyer