Enterprise Group’s $5M Equipment Expansion Offer

Enterprise Group Inc (TSE:E) has released an update.

Enterprise Group, Inc. has announced a $5 million bought deal offering of units at $0.85 each to bolster its rental equipment fleet, with a focus on low emission mobile power systems, and for other corporate purposes. The offering includes common shares and half-warrant shares that are exercisable within 24 months. The anticipated close date for the offering is March 12, 2024, subject to regulatory approvals and without the need for a prospectus in certain jurisdictions.

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