EnerDynamic Hybrid Technologies Corp.: EHT Announces Agreement to Acquire Windular Research and Technologies and Concomitant Plans to Consolidate Its Shares, Restructure Its Debt and Raise Additional Financing
(2) Niagara Falls, Ontario: January 28, 2021 - EnerDynamic Hybrid Technologies Corp. (TSXV:EHT) ("EHT") is pleased to announce the signing of an agreement to acquire Windular Research and Technologies Inc. ("WRT") on January 22, 2021, and its plans to concomitantly consolidate its shares 20-for-1 (the "Share Consolidation"), convert its existing debentureholders' debts (the "Debt Conversion"), and raise up to $18 million in financing by way of a private placement of EHT shares (the "Private Placement"), all subject to the approval of the TSX Venture Exchange (the "TSXV"). WRT is a privately h...
Source: finanznachrichten.de