Delta Cleantech, Inc. (TSE:DELT) has released an update.
Delta CleanTech Inc. is gearing up to raise $600,000 through a private placement, subject to shareholder approval on March 12, 2024. This fundraising effort involves offering 30 million units at $0.02 each, with each unit comprising a common share and a warrant allowing the purchase of an additional share at $0.05 within five years. The private placement could result in significant changes to the company’s insider shareholding structure, with two parties potentially gaining over 10% voting rights in the cleantech firm.
For further insights into TSE:DELT stock, check out TipRanks’ Stock Analysis page.
