NanoXplore Successfully Completes $25.7M Private Placement Funding

NanoXplore Successfully Completes $25.7M Private Placement Funding

MONTREAL, a leading destination for innovation, has seen a significant development with the announcement from NanoXplore Inc. (TSX: GRA and OTCQX: NNXPF), a prominent player in the graphene industry. The company has successfully closed a bought deal private placement, generating impressive gross proceeds of $25,728,840 by issuing 10,720,350 common shares at a price of $2.40 each.

Details of the Offering

This substantial funding round was orchestrated by a group of skilled underwriters, including Ventum Financial Corp. and Cormark Securities Inc., along with other reputable firms such as National Bank Financial Inc. and RBC Dominion Securities Inc. This strategic approach ensures that NanoXplore can leverage the financial markets effectively for its advantage.

Utilizing the Proceeds

The net proceeds from this offering are earmarked for various future growth initiatives, particularly in expanding the dry graphene production capacity. Additionally, the funds will provide essential support for general corporate and working capital purposes, demonstrating the company's commitment to enhancing its operational capabilities.

Insider Participation and Regulatory Compliance

Interestingly, Martinrea International Inc., a key insider of NanoXplore, participated in this offering, purchasing 2,343,750 common shares for approximately $5,625,000. This move not only reaffirms the insider's confidence in the company's vision but also showcases a valuable related party transaction under the Multilateral Instrument 61-101 protection framework. The transaction adheres to stricter regulatory guidelines, ensuring transparency and fairness in its execution.

A Publicly Accessible Offering Document

For those interested in detailed information regarding the offering, an offering document is available through NanoXplore’s corporate profile. This transparency allows stakeholders and potential investors to assess the terms and specifics of the offering thoroughly.

About NanoXplore

NanoXplore stands as a beacon of innovation in the graphene market, specializing in the production of high-volume graphene powder tailored for various sectors, including transportation and industrial applications. Their product lineup also features graphene-enhanced plastics and composites suitable for customers focused on packaging, electronics, and other industrial fields. With manufacturing facilities spreading across Canada, the United States, and Europe, NanoXplore is strategically positioned to serve an expanding global market.

Innovative Energy Solutions

Moreover, the corporation has ventured into the realm of silicon-graphene-enhanced lithium-ion batteries, catering to the rapidly evolving Electric Vehicle and grid storage markets. This diversification not only positions NanoXplore as a forward-thinking entity but also aligns with global trends toward sustainable energy solutions.

Frequently Asked Questions

What is the total amount raised in NanoXplore's recent offering?

The recent private placement closed at $25,728,840 with the issuance of 10,720,350 common shares.

How does NanoXplore plan to use the proceeds from the offering?

Proceeds will be utilized for expanding dry graphene production, general corporate needs, and working capital purposes.

Who led the underwriters in this private placement?

The offering was co-led by Ventum Financial Corp. and Cormark Securities Inc., among others.

What is NanoXplore's main area of focus?

NanoXplore specializes in manufacturing and supplying high-volume graphene powder for various industrial markets, including automotive and electronics.

Where can I find detailed information regarding the offering?

Information about the offering can be accessed via NanoXplore’s corporate profile available on their official website.

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