Tantalus Systems Holding (TSE:GRID) has released an update.
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Tantalus Systems Holding Inc. has successfully completed a $10 million financing round, issuing 6,250,000 common shares at $1.60 each. The funds raised will be allocated to R&D, sales, business development, and general corporate expenses to bolster the company’s mission to modernize utility distribution grids. The deal, led by a syndicate of underwriters including Cormark Securities Inc. and Canaccord Genuity Corp., aims to strengthen Tantalus’s financial foundation and accelerate business growth.
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