Green Equity - July 12, 2024
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
CHAR Technologies (YES) has appointed Anton Szpitalak, co-founder of Pan Asia Solar, as its new Chief Development Officer. Szpitalak brings significant experience in clean technology investments and growth, including board positions at Silfab Solar and Gridco Srl. The company also secured C$850,000 in short-term loans from existing shareholders and insiders.
Nano Nuclear Energy (NNE) just announced an $18 million stock and warrant offering priced at $20 per share. The offering includes 900,000 shares of common stock and warrants for 450,000 shares, with a 30-day option for the underwriter to purchase additional shares and warrants. The funds raised will be used for R&D of their micro nuclear reactors, ZEUS and ODIN, and for developing a domestic source of HALEU fuel fabrication.
Zapp Electric Vehicles Group (ZAPP) has entered into a new standby equity purchase agreement (New SEPA) with Yorkville Advisors Global, securing up to $50 million. This replaces the original February 2024 SEPA, which had a commitment of $10 million. The initial proceeds will support production and the commercial rollout of Zapp's i300 scooter in India, facilitated by a new contract manufacturing partner.