On April 1, 2021, Nano One® Materials Corp. (“Nano One”), closed a bought deal financing (the “Offering”) for gross proceeds of approximately C$28.9 million. The company issued a total of 5,405,000 common shares at an offering price of $5.35 per common share, which included 705,00 common shares pursuant to the exercise of the over-allotment option.
The common shares were offered on a bought deal basis by a syndicate of underwriters. The company plans to use the net proceeds for ongoing research and development, pilot plant expansion and other strategic initiatives.
Nano one is changing how the world makes battery materials. They are developing patented technology for the low-cost production of high performance cathode materials used in lithium ion batteries to be used in electric vehicles, energy storage, consumer electronics and next generation batteries.
Fasken advised Nano One with a team led by Shanlee von Vegesack and included Steve Saville and Marissa Di Lorenzo (Corporate Finance).
Jurisdiction
- British Columbia
