Eguana Technologies ( (TSE:EGT) ) has shared an update.
Eguana Technologies Inc. announced a non-brokered private placement offering of up to $2.5 million in convertible debentures, priced at a 10% discount. The debentures, convertible into common shares, aim to raise funds for working capital and corporate purposes, with closing expected around April 15, 2025. This strategic move is poised to enhance Eguana’s financial flexibility and support its growth in the energy storage sector.
More about Eguana Technologies
Eguana Technologies Inc. is a leading provider of high-performance energy storage systems, focusing on delivering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Since 1998, the company has connected utilities with consumers through its commercial and residential energy storage solutions, designed to transition the power grid seamlessly. Eguana’s products are manufactured in North America to ensure compliance and quality, optimizing solutions for major grid modernization markets.
YTD Price Performance: -26.67%
Average Trading Volume: 12,605
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.97M
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