Energy
NU E Power Corp. Closes First Tranche of Non-Brokered Private Placement, Raising $1.97 Million to Accelerate Power Infrastructure Growth
Vancouver, British Columbia and Calgary, Alberta--(Newsfile Corp. - July 8, 2026) - NU E Power Corp. (CSE: NUE) (FSE: NUE1) ("NUE" or the "Company") is pleased to announce the successful closing of the first tranche of its previously announced non-brokered private placement (the "Offering"), raising gross proceeds of $1,968,700 through the issuance of 13,124,667 Units at a price of $0.15 per Unit.The first tranche represents approximately 66% of the Company's previously announced $3.0 million...
About this update from Nu E Power Corp.
Vancouver, British Columbia and Calgary, Alberta--(Newsfile Corp. - July 8, 2026) - NU E Power Corp. (CSE: NUE) (FSE: NUE1) (" NUE " or the " Company ") is pleased to announce the successful closing of the first tranche of its previously announced non-brokered private placement (the " Offering "), raising gross proceeds of $1,968,700 through the issuance of 13,124,667 Units at a price of $0.15 per Unit . The first tranche represents approximately 66% of the Company's previously announced $3.0 million financing and reflects strong participation from investors who share management's long-term vision for NUE's expanding power infrastructure platform. Subject to receipt of additional subscriptions, customary closing conditions and regulatory approvals, the Company expects to complete one or more additional tranches for aggregate gross proceeds of up to $3,000,000 . Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of $0.25 for a period of three years from the applicable closing date, subject to the acceleration provisions described below. Positioning NUE for Continued Growth The proceeds from the Offering will provide additional financial flexibility as the Company advances its growing portfolio of energy infrastructure projects and evaluates new development opportunities. Net proceeds from the First Tranche are expected to be used for: Management believes reliable power infrastructure continues to be one of the most important enabling assets supporting the rapid expansion of artificial intelligence, data centres, industrial electrification and other large-scale energy users throughout North America. The Company continues to focus on identifying, originating and advancing projects capable of serving these rapidly growing markets. Warrant Acceleration If the closing price of the Company's common shares on the Canadian Securities Exchange equals or exceeds $0.40 for ten consecutive trading days at any time after the date that is four months and one day following the applicable closing date and before the expiry of the Warrants, the Company may accelerate the expiry of the Warrants by providing written notice to holders. In such event, the Warrants will expire 30 calendar days following the date of the notice. The Company will issue a news release on the same day any acceleration notice is delivered.