Total
0
Shares
electric car charging
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nano One (NNO) has closed a C$28.9 million bought deal offering with the over-allotment option exercised in full
  • The company issued a total of 5,405,000 common shares at C$5.35 per share for gross proceeds of C$28.9 million
  • Approximately 705,000 shares were issued to exercise the over-allotment option
  • Proceeds will be used to fund research and development, pilot plant expansion, business development and strategic partner initiatives
  • Nano One Materials develops patented technology for the low-cost production of high-performance battery materials
  • Nano One (NNO) is up 1.31 per cent and is currently trading at C$5.41 per share

Nano One (NNO) has closed a C$28.9 million bought deal offering with the over-allotment option exercised in full.

The company issued a total of 5,405,000 common shares at C$5.35 per share for gross proceeds of C$28.9 million.

Approximately 705,000 of the shares were issued to exercise the over-allotment option.

TD Securities, Roth Canada, ULC, Eight Capital and Gravitas Securities served as underwriters.

Nano One intends to use the proceeds to fund ongoing research and development, pilot plant expansion, business development and strategic initiatives with partners and collaborators.

The company built a pilot plant to demonstrate high-volume production and optimize its technology across a range of materials. The plant is being funded with the assistance of the Government of Canada through Sustainable Development Technology Canada and the Automotive Supplier Innovation Program.

Nano One Materials develops patented technology for the low-cost production of high-performance battery materials used in electric vehicles, energy storage, consumer electronics and next-generation batteries. 

Nano One (NNO) is up 1.31 per cent and is currently trading at C$5.41 per share as of 12:06 pm ET.

More From The Market Herald
The Market Herald Video

" Reklaim (TSXV:MYID) introduces ‘My Footprint’

Reklaim (MYID) has launched My Footprint, a service that allows Reklaim users to see which companies are purchasing and selling their data.

" BioHarvest Sciences (CSE:BHSC) appoints Steven Lehrer to its advisory board

BioHarvest Sciences (BHSC) has appointed Steven Lehrer as its newest advisory board member, effective immediately.

" Datametrex (TSXV:DM) launches beta smartphone health app for IOS

Last week, Datametrex AI (DM) launched the initial closed beta test for its Medi-Call health app for Android.