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Source: EverGen Infrastructure Corp. LinkedIn
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  • EverGen Infrastructure (EVGN) announced that the underwriters of its IPO have partially exercised the over-allotment option for additional gross proceeds of $83,160
  • The aggregate gross proceeds of the offering total $20,103,160
  • The IPO was led by Desjardins Capital Markets, Clarus Securities Inc., Echelon Wealth Partners Inc. and RBC Capital Markets
  • EverGen has been established to own and operate a portfolio of renewable natural gas, waste to energy, and related infrastructure projects
  • Evergen Infrastructure Corp. (EVGN) is down 1.67  per cent, trading at C$5.90 per share at 4:25 pm ET

EverGen Infrastructure (EVGN) has announced that the underwriters of its recent IPO have partially exercised the over-allotment option.

An additional 231,000 common share purchase warrants were issued for additional gross proceeds of $83,160. The partial exercise of the over-allotment option increases the total aggregate gross proceeds of the offering to $20,103,160.

Each additional purchase warrant entitles the holder to acquire one common share at a price of $10.50 per share until August 4, 2023.

The IPO was conducted by a syndicate of underwriters led by Desjardins Capital Markets, Clarus Securities Inc., Echelon Wealth Partners Inc. and RBC Capital Markets acting as co-lead underwriters and joint bookrunners.

EverGen has been established to acquire, develop, build, own and operate a portfolio of renewable natural gas, waste to energy, and related infrastructure projects. EverGen has acquired three facilities and has the intention to grow its platform into other regions in North America in the future.

Evergen Infrastructure Corp. (EVGN) is down 1.67  per cent, trading at C$5.90 per share at 4:25 pm ET.

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