Energy Plug Announces Private Placement

Core Points - Energy Plug Technologies Corp. has arranged a private placement of up to 6,666,667 units at a price of $0.15 per unit, aiming for gross proceeds of up to$1,200,000 [1][2] - Each unit consists of one common share and one common share purchase warrant with an exercise price of $0.25 per share, valid for one year from the closing date [1][2] - The company may pay finders' fees up to 8$0.25 for one year [2] - All securities issued will be subject to a statutory hold period of four months plus one day, and the closing is contingent on regulatory approvals [3] Company Updates - Christopher McGillivray has been appointed as Controller and business development, bringing experience from one of Canada's big six banks and the private lending sector [5] - Broderick Gunning has departed from the company effective January 20, 2025 [5] Company Overview - Energy Plug Technologies Corp. focuses on energy storage applications for residential, commercial, and utility sectors, aiming to enhance energy management and grid resiliency [6] - The company partners with leading technology firms and Indigenous communities to deliver innovative solutions in energy technology [6]