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An update from Hillcrest Energy Technologies ( (TSE:HEAT) ) is now available.
Hillcrest Energy Technologies has announced a non-brokered private placement with a strategic investor from the electrification and manufacturing sectors, raising $4.25 million through the issuance of 25,000,000 units at $0.17 per unit. The proceeds will be used for technology development, product marketing, investor relations, and general working capital, positioning the company to enhance its market presence and operational capabilities.
More about Hillcrest Energy Technologies
Hillcrest Energy Technologies is an energy technology company focused on providing advanced power conversion technologies and digital control systems for next-generation powertrains.
YTD Price Performance: -16.67%
Average Trading Volume: 243,503
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$10.29M
For an in-depth examination of HEAT stock, go to TipRanks’ Stock Analysis page.