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NU E Power Corp. ( (TSE:NUE) ) has shared an update.
Nu E Power Corp. has converted existing promissory notes, along with accrued interest totaling $403,153.37, into unsecured convertible debentures. These debentures, maturing in June 2026, offer a 6% annual interest rate and can be converted into common shares at a price of CAD$0.15 per share. This strategic financial maneuver is expected to enhance the company’s capital structure, potentially boosting its capacity to fund renewable energy projects and strengthening its position in the green energy market.
More about NU E Power Corp.
Nu E Power Corp. is a green energy company focused on developing, constructing, and operating clean and renewable energy infrastructure across North America. The company has a partnership with Low Carbon Canada Solar Limited to facilitate non-dilutive investment aimed at developing up to 2GW of renewable energy projects in Canada by 2030.
Average Trading Volume: 123,927
Technical Sentiment Signal: Strong Sell
For an in-depth examination of NUE stock, go to TipRanks’ Overview page.