Energy Plug Closes Oversubscribed Non-Brokered Private Placement

Core Viewpoint - Energy Plug Technologies Corp. has successfully closed the second and final tranche of its non-brokered private placement, raising a total of $1,217,999 through the issuance of 8,119,993 units, reflecting strong investor interest and strategic participation [1][2]. Group 1: Private Placement Details - The second tranche involved the issuance of 333,333 units at a price of$0.15 per unit, generating gross proceeds of $50,000 [1]. - 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]. - The total gross proceeds from the private placement amount to $1,217,999 [1]. Group 2: Use of Proceeds and Regulatory Information - The net proceeds from the private placement will be utilized for general working capital purposes [3]. - The securities issued will be subject to a regulatory hold period of four months plus one day from the date of issue [3]. Group 3: Company Overview - Energy Plug Technologies Corp. focuses on energy storage applications across residential, commercial, and utility sectors, aiming to enhance energy management and grid resiliency [4]. - The company collaborates with leading technology firms and Indigenous communities to deliver innovative solutions in energy technology [4].