Energy Plug Announces Private Placement
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Energy Plug Technologies Corp. has announced a private placement to raise up to $1.2 million by issuing 6,666,667 units at $0.15 each. Each unit includes one common share and a warrant with a $0.25 exercise price, valid for one year.
January 23, 2025 | 12:00 am
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Energy Plug Technologies Corp. is conducting a private placement to raise up to $1.2 million, potentially diluting existing shares but providing capital for growth.
The private placement will raise capital, which is positive for growth, but issuing new shares can dilute existing shareholders' value. The impact on stock price is neutral as the capital raise balances potential dilution.
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