Nano One bolsters balance sheet with sale and lease back of Candiac facility
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Nano One Materials Corp has signed an agreement to sell and lease back its Candiac facility, strengthening its balance sheet with net proceeds of C$15.7 million. This move supports leveraging over C$40 million in government funding.
February 26, 2025 | 2:15 pm
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Nano One Materials Corp has executed a sale and leaseback of its Candiac facility, resulting in net proceeds of C$15.7 million. This transaction enhances the company's financial position and supports leveraging significant government funding.
The sale and leaseback transaction provides Nano One with immediate liquidity, improving its financial stability. This move is strategic as it also helps the company leverage substantial government funding, potentially leading to future growth and development.
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IMPORTANCE 80
RELEVANCE 100