Green Equity - September 30, 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
LiqTech International (LIQT) secured $10 million through a private placement transaction involving institutional investors. The deal includes common stock, pre-funded warrants, and additional warrants for future stock purchases, structured in two tranches with pricing set at $2.00 per share or warrant. The company plans to use the funds to support its commercial expansion in the U.S. oil & gas sector, the swimming pool industry, and marine exhaust gas recirculation (EGR) water treatment.
Environmental Waste International (EWS) has announced a go-private transaction with Hydrotrux Group, in which Hydrotrux will acquire all outstanding shares of EWS for C$0.0035 per share. This follows a strategic review initiated to address liquidity challenges and support the development of EWS’ pilot plant in Sault Ste. Marie. The transaction requires approval from at least 66% of shareholders and security holders at a meeting scheduled for November 20th, 2024. After the transaction, EWS shares will be delisted from the TSX Venture Exchange.
Price Targets & Reports
Craig-Hallum initiated coverage of NuScale Power (SMR) with a Buy rating, setting the average one-year price target at $10.71 per share.