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dynaCERT Announces Closing of $2M Non-Brokered Private Placement Financing
Financialpost· 2025-12-09 21:15
Company Overview - dynaCERT Inc. is a Canadian Cleantech company based in Toronto, specializing in technologies aimed at reducing CO₂ emissions from internal combustion engines [12] - The company has invested significantly in research and development and operates its own production facilities with a capacity of up to 36,000 HydraGEN™ units per year [12] Recent Financing Activity - dynaCERT has successfully closed a non-brokered offering of convertible unsecured units, raising aggregate gross proceeds of $2,000,000 [7] - The offering consists of one Convertible Unit, which includes a Convertible Note with an annualized interest of 5%, maturing in two years, and convertible into 13,333,333 common shares at a conversion price of $0.15 per share [7] - Additionally, the offering includes 6,666,667 common share purchase warrants, each allowing the holder to purchase one share at an exercise price of $0.20 for a period of two years [7] Use of Proceeds - The gross proceeds from the offering will be utilized to finance sales of the company's HydraGEN™ Technology Products across various sectors, including mining, oil & gas, transportation, and generators, as well as for working capital and general corporate purposes [8] Regulatory Compliance - The securities issued under the offering are subject to a hold period of 4 months plus 1 day, expiring on April 10, 2026, and no commissions or finders fees were paid in relation to the offering [11] - The securities have not been registered under the United States Securities Act of 1933 and cannot be offered or sold in the U.S. unless registered or exempt [12] Technology and Market Position - dynaCERT operates HydraLytica™, a cloud-based platform for capturing real-time data, which is essential for monetizing CO₂ savings [13] - The company's methodology has been Verra-certified, providing access to the global market for tradable carbon credits in the future [13]