Green Equity - January 31, 2025
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
Charbone Hydrogen (CH.V) has extended the deadline for its US$6 million convertible note private placement by 30 days, now closing on March 5th, 2025. The company has already secured US$1.5 million from the offering and continues discussions with interested U.S. investors. The unsecured notes carry a 12% annual interest rate and mature in 2028, with early conversion options.
Fusion Fuel Green (HTOO) has received approval from Nasdaq to transfer its equity listing from The Nasdaq Global Market to The Nasdaq Capital Market, effective February 3, 2025. This move grants the company an additional 180 days, until July 28th, 2025, to regain compliance with the minimum $1.00 bid price requirement, with potential actions including a reverse share split.
Li-Cycle Holdings (LICY) has closed its underwritten public offering in the United States, raising approximately $15 million in gross proceeds. The company plans to use the funds for working capital and general corporate purposes. Additionally, Aegis Capital Corp. exercised its over-allotment option on January 16th, 2025, purchasing 2.25 million Series A Warrants and 2.25 million Series B Warrants. Aegis served as the sole book-running manager for the offering.