The Canadian cleantech firm will raise up to $5M via convertible unsecured units priced at $1M each.
dynaCERT (DYA:CA) announced a non-brokered private placement to raise gross proceeds of up to $5M. The offering consists of convertible unsecured units, each priced at $1M.
Each unit includes a convertible note that can be exchanged for 6.67 million shares at $0.15 per share. The company did not disclose the total number of units or the timeline for closing the offering.
No immediate market reaction was reported following the announcement.