Business
Eguana and ITOCHU Amend Unsecured Convertible Debenture Maturity Date to April 30th
Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Eguana Technologies Inc. (TSXV: EGT) (OTC Pink: EGTYF) ("Eguana" or the "Company") is pleased to announce it has reached an agreement to amend the maturity date of the ITOCHU Corporation ("ITOCHU") unsecured Convertible Debenture to April 30, 2026, providing additional runway as the partners finalize a longer-term solution. Consistent with prior extensions, the amendment includes all accrued interest."We remain in active discussions with...
About this update from Itochu Corporation
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - March 23, 2026) - Eguana Technologies Inc. (TSXV: EGT) (OTC Pink: EGTYF) ("Eguana" or the "Company") is pleased to announce it has reached an agreement to amend the maturity date of the ITOCHU Corporation ("ITOCHU") unsecured Convertible Debenture to April 30, 2026, providing additional runway as the partners finalize a longer-term solution. Consistent with prior extensions, the amendment includes all accrued interest.","length":488,"tagName":"p"},{"type":"text","content":""We remain in active discussions with ITOCHU and expect to finalize a long-term solution within the second quarter, which we believe will have favorable balance sheet implications," said Eguana CEO Justin Holland. "Both the North American and Tokyo-based teams continue to be highly collaborative and solutions-oriented as our utility channel opportunities progress toward rollout."","length":402,"tagName":"p"},{"type":"text","content":"The Company also continues to advance key commercial and technical initiatives, including:","length":90,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"completion of additional feeder improvement installations in Western Canada;","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"a collaborative agreement with a leading Alberta electricity distributor to demonstrate distributed energy storage benefits;","length":124,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"a partnership with Shadow Power to support third-party ownership models; and","length":76,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"successful final testing for a Northern California virtual power plant (VPP) rollout expected in the coming months.","length":115,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":391,"olType":false},{"type":"text","content":"Holland added, "We've seen continued success validating our hardware and software platforms across multiple VPP environments in both the U.S. and Canada, and we expect this to translate into increased volumes through our utility channels over the balance of the year."","length":282,"tagName":"p"},{"type":"text","content":"These developments support the Company's path toward scaled deployment and improved fin...