Ads-Tec Energy (ADSE) announced it has secured up to $50M in growth capital from well-recognized institutional investors. The proceeds from the offering will be disbursed in two tranches – $15M in immediate proceeds available to the company and $35M to become available upon the setup of a controlled account – and will fuel the company’s strategic expansion across Europe and North America. The transaction was fully subscribed, and the subscription period has concluded. The offering is expected to close on May 1, subject to satisfaction of customary closing conditions. D. Boral Capital is acting as the Placement Agent for the offering.
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