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An announcement from NU E Power Corp. ( (TSE:NUE) ) is now available.
Nu E Power Corp. has announced an amended and restated share purchase agreement to acquire 100% of Blu Dot Systems Inc., a technical construction company in the solar and renewable energy sector in western Canada. This acquisition, expected to close by July 15, 2025, will enable Nu E to become a vertically integrated solar company, enhancing its industry positioning and contributing to its growth and cash flow in the coming years. The transaction is treated as a related party transaction under MI 61-101, but is expected to be exempt from certain requirements due to the fair market value considerations.
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 partners with Low Carbon Canada Solar Limited to facilitate non-dilutive investment with the goal of developing up to 2GW of renewable energy projects in Canada by 2030.
Average Trading Volume: 133,834
Technical Sentiment Signal: Strong Sell
See more insights into NUE stock on TipRanks’ Stock Analysis page.