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Eguana Technologies ( (TSE:EGT) ) has shared an announcement.
Eguana Technologies has announced a new private placement of up to $1.25 million in convertible debentures, following the termination of a prior offering. This strategic move aligns with the company’s objectives and current market conditions, with proceeds intended for working capital and general corporate purposes. The debentures, convertible into common shares, will bear 10% interest and are secured against the company’s assets, ranking senior to unsecured debentures. The offering is expected to close on October 17, 2025, subject to regulatory approvals.
More about Eguana Technologies
Eguana Technologies Inc. is a leading provider of high-performance energy storage systems, aiming to build the grid of the future by offering flexible, modular, and cost-effective alternatives to traditional grid upgrades. Since 1998, the company has been connecting utilities with consumers through its commercial and residential energy storage solutions, designed to facilitate seamless power grid transitions. Eguana’s products are manufactured globally to ensure compliance and quality, targeting major grid modernization markets.
Average Trading Volume: 28,686
Technical Sentiment Signal: Hold
Current Market Cap: C$8.14M
For a thorough assessment of EGT stock, go to TipRanks’ Stock Analysis page.