Last Week's Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Foran Mining (TSX: FOM) Upsizes Previously Announced Private Placement to CAD$360 Million

• Plug Power (NASDAQ: PLUG) Announces Pricing of Public Offering of Common Stock for ~$200 Million Raise

• Wag! Group (NASDAQ: PET) Announces Pricing of Public Offering of $10 Million of Shares of Common Stock

• Lithium Ionic (TSX-V: LTH) Completes $20 Million Royalty Agreement with Appian Capital

Foran Mining has announced it has increased its private placement to CAD$360 million to support its projects in Saskatchewan, including the McIlvenna Bay copper and Bigstone copper-zinc projects. The Company has amended its agreement with Eight Capital, BMO Capital Markets, and National Bank Financial and the updated offer includes around 47 million common shares priced at C$4.05 each. Fairfax Financial, the Company’s largest shareholder is expected to increase its position and Agnico Eagle Mines is looking to participate, which is expected to result in a 9.9% equity ownership.

Plug Power announces pricing of public offering of common stock a $2.54 per share, the Company expects to raise about $200 million from this offering. Plug Power is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 69,000 fuel cell systems and over 250 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen.

Wag! Group has announced the price of its offering at $1.35 per share. The gross proceeds to Wag! from the offering are expected to be $10 million. Wag! intends to use the net proceeds from the offering to repay approximately $8.5 million in debt, with the remainder to be used for working capital and general corporate purposes. The Company strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household. Wag! pioneered on-demand dog walking in 2015 with the Wag! app, which offers access to 5-star dog walking, sitting, and one-on-one training from a community of over 500,000 Pet Caregivers nationwide.

Lithium Ionic completes $20 million royalty agreement with Appian Capital. In exchange for the upfront capital, Lithium Ionic is providing Appian with a 2.25% gross revenue royalty on the Bandeira Project. The Canadian mining company is exploring and developing its lithium properties in Brazil. Its Itinga group of properties, which hosts its flagship Bandeira Lithium Project, as well as its Salinas group pf properties cover ~14,000 hectares in the northeastern partof Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium district.

Weekly Money Moves

• Lead Investors
  

  • SMART Global Holdings: $202,471,544 | Technology | Lead Investor: SK Telecom

  • Montage Gold: $131,451,819 | Mining | Lead Investor: Zijin Mining Group

  • LENZ Therapeutics: $30,000,000 | Health Care | Lead Investor: Ridgeback Capital

  • Reconnaissance Energy Africa: $25,560,076 | Mining | Lead Investor: BW Energy

  • Lithium Ionic: $20,000,000 | Mining | Lead Investor: Appian Capital Advisory

  • MediWound: $15,000,000 | Biotech | Lead Investor: Molnlycke Health Care

  • MediWound: $13,750,000 | Biotech | Lead Investor: European Innovation Council

  • Affluent Medical: $9,307,602 | Biotech | Lead Investor: Edwards Lifesciences

  • Ramp Metals: $3,290,840 | Mining | Lead Investor: Eric Sprott

  • Recruiter.com: $2,000,000 | Human Resources | Lead Investor: ZK International Group

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]