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By Taylor Pierce - Monday, October 7
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Joby Aviation (NASDAQ:JOBY) which is developing an electric air taxi for commercial service, has raised $500 million from Toyota Motor Corp.
Allied Gold (TSX: AAUC) has raised CAD $192 million to expand it’s Sadiola Mine and fund the Kurmuk construction project.
Kraken Robotics (TSX: PNG) has raised CAD $45 million to support several strategic initiatives, including expanding their manufacturing capacity, investing in new facilities, and exploring potential acquisitions of complementary technologies
Joby Aviation’s eVTOL
Joby Aviation recently secured a $500 million investment from Toyota to support the certification and commercial production of its electric vertical takeoff and landing (eVTOL) air taxis. This additional funding, made in two tranches, brings Toyota's total investment in Joby to nearly $900 million. Toyota has been a key partner in Joby's journey since 2019, contributing not only financial backing but also expertise in manufacturing processes and systems. Toyota's involvement in the eVTOL space aligns with its broader strategy of expanding beyond traditional automotive manufacturing into new forms of sustainable urban mobility
Allied Gold’s Operating African Mines
Last week, Allied Gold raised CAD $192.2 million through an overnight marketed equity offering. The funds are earmarked to support their growth and optimization initiatives, primarily focusing on the expansion of the Sadiola gold mine in Mali and the construction of the Kurmuk project in Ethiopia. This offering involved the sale of 62 million shares at a price of CAD $3.10 per share, and it is expected to close around October 8, 2024
Kraken Robotics KATFISH-180
Kraken Robotics raised CAD $45 million through an upsized public offering. The funds are intended to support several strategic initiatives, including expanding their manufacturing capacity, investing in new facilities, and exploring potential acquisitions of complementary technologies. Additionally, the raised capital will help strengthen their balance sheet, enabling the company to take advantage of new contracts and large customer orders, positioning them as a reliable long-term supplier in the marine technology sector.
Weekly Money Moves
Company | Money Raised ($USD) | Sector |
DSV | $5,513,700,215 | Freight |
NEPI Rockcastle | $551,334,782 | Real Estate |
Joby Aviation | $500,000,000 | Aerospace |
Drilling Tools International | $500,000,000 | Energy |
New Fortress Energy | $400,000,000 | Oil & Gas |
Biohaven Pharmaceutical | $250,000,000 | Biotechnology |
Allied Gold | $142,141,890 | Mining |
Acadia Realty Trust | $116,250,000 | Real Estate |
The Pennant Group | $108,500,000 | Health Care |
OnKure Therapeutics | $65,000,000 | Biotechnology |
Kraken Robotics | $33,367,071 | Technology |
VCI Global | $30,000,000 | Wealth Management |
Egetis Therapeutics AB | $29,739,052 | Health Care |
Primaris | $25,210,676 | Real Estate |
Lifecore Biomedical | $24,300,000 | Biotechnology |
Arqit Limited | $13,600,000 | Technology |
IN8Bio | $12,400,000 | Biotechnology |
OncoCyte | $10,200,000 | Biotechnology |
Vicore Pharma | $10,111,278 | Biotechnology |
Liberty Star Uranium & Metals | $10,000,000 | Mining |
LiqTech International | $10,000,000 | Energy |
GoldShore Resources | $9,234,381 | Mining |
Sirnaomics | $7,584,257 | Biotechnology |
Apollo Silver Corp. | $7,395,520 | Mining |
Clene Nanomedicine | $7,300,000 | Biotechnology |
Smith Micro Software | $6,900,000 | Software |
AgEagle Aerial Systems | $6,500,000 | Robotics |
AB Science | $5,580,351 | Biotechnology |
Radisson Mining Resources | $5,181,155 | Mining |
Adyton Resources | $5,099,737 | Mining |
BriaCell Therapeutics | $5,000,000 | Biotechnology |
Diamyd Medical | $4,672,724 | Biotechnology |
Cust2Mate | $4,060,000 | Retail |
Freeman Gold | $2,669,366 | Biotechnology |
FangDD | $2,500,000 | Real Estate |
Strikepoint Gold | $2,216,251 | Mining |
Onconetix | $2,000,000 | Biotechnology |
Borders & Southern | $1,993,562 | Oil and Gas |
Hilbert Group | $1,982,603 | Crypto |
Biovica | $1,846,064 | Biotechnology |
O3 Mining | $1,400,000 | Mining |
NeoVolta | $1,400,000 | Energy |
Woodbois | $1,312,786 | Manufacturing |
AIM ImmunoTech | $1,260,000 | Biotechnology |
Orosur Mining Inc. | $1,111,578 | Mining |
Lead Investors
Joby Aviation: $500,000,000 | Aerospace | Lead Investor: Toyota
OncoCyte: $10,200,000 | Biotechnology | Lead Investor: Bio-Rad Laboratories
Vicore Pharma: $10,111,278 | Biotechnology | Lead Investor: Sanofi
Sirnaomics: $7,584,257 | Biotechnology | Lead Investor: Dr. Poon Hung Fai
Drilling Tools International: $500,000,000 | Energy | Lead Investor: BlackRock
NeoVolta: $1,400,000 | Energy | Lead Investor: National Renewable Energy Partners
Egetis Therapeutics AB: $29,739,052 | Health Care | Lead Investor: Frazier Life Sciences
Woodbois: $1,312,786 | Manufacturing | Lead Investor: Axis Capital Markets
Liberty Star Uranium & Metals: $10,000,000 | Mining | Lead Investor: GHS Investments
Smith Micro Software: $6,900,000 | Software | Lead Investor: William W. Smith
VCI Global: $30,000,000 | Wealth Management | Lead Investor: Alumni Capital LP
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]
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