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Energy Plug Technologies Raises $1.16M in Private Placement

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Energy Plug Technologies Raises $1.16M in Private Placement

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The latest announcement is out from Energy Plug Technologies ( (TSE:PLUG) ).

Energy Plug Technologies Corp. has successfully closed the first tranche of its non-brokered private placement, raising $1,167,999 by issuing 7,786,660 units at $0.15 per unit. The oversubscribed placement reflects strong investor interest and supports the company’s plans for general working capital, enhancing its operational capacity in the competitive energy technology sector.

More about Energy Plug Technologies

Energy Plug Technologies Corp. is an energy technology company focused on innovation and sustainability, specializing in energy storage applications for residential, commercial, and utility sectors. The company is based in British Columbia and collaborates with leading technology firms and Indigenous communities to enhance energy management and grid resiliency.

YTD Price Performance: -9.32%

Average Trading Volume: 31,454

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $8.7M

See more data about PLUG stock on TipRanks’ Stock Analysis page.

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