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By Taylor Pierce - Monday, September 30
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Hawaiian Electric Industries, Inc. (NASDAQ: HE) Announces $558 Million Capital Raise
Asante Gold Corporation (CSE: ASE / U.S.OTC: ASGOF) Announces $100 Million Non-Brokered Private Placement
Nordic Aqua Partners (OS:NOAP.OL) Secures $33 Million to Accelerate Land-Based Salmon Expansion in China
The Hawaiian Electric and the HEI family of companies provides the energy and financial services that empower much of the economic and community activity of Hawaiʻi. HEI’s electric utility, Hawaiian Electric, supplies power to approximately 95% of Hawaiʻi’s population and is undertaking an ambitious effort to decarbonize its operations and the broader state economy. The Company announced that it has successfully closed an offering of newly issued shares of its common stock at a price of $9.25 per share, with net proceeds of approximately $558 million. As noted in a prospectus filed on September 24, HEI intends to use the net proceeds to fund its contribution to the expected Maui wildfire tort litigation settlement and for general corporate purposes.
Asante Gold’s Bibiani Mine
Asante Gold announces $100 million share sale to a strategic investor that has not yet been revealed, the funds will be used to support growth and development at its Bibiani and Chirano gold mines in Ghana. Asante is a gold exploration, development and operating company with a high-quality portfolio of projects and mines in Ghana. Asante is currently operating the Bibiani and Chirano Gold Mines and continues with detailed technical studies at its Kubi Gold Project. All mines and exploration projects are located on the Bibiani and Ashanti Gold Belts. Asante has an experienced and skilled team of mine finders, builders and operators, with extensive experience in Ghana.
Nordic Aqua Partners
Nordic Aqua Partners has raised $33 million by way of a private placement. Nordic Aqua is a Norwegian company that operates land based salmon farms in China, it provides the market with fresh, high-quality Atlantic salmon farmed in a sustainable and state-of-the-art Recirculating Aquaculture System (RAS) facility located in Xiangshan county of Ningbo. The Company intends to the use the funds for the full development of Phase 2 of the facility in Ningbo, debt repayment, investments to address geosmin issues, working capital, and general corporate purposes.
Weekly Money Moves
Company | Money Raised ($USD) | Sector |
Yonghui Superstores | $889,942,374 | Retail |
Hawaiian Electric Industries | $499,999,999 | Electrical Distribution |
Rithm Capital | $342,900,000 | Financial Services |
InvenTrust Properties Corp. | $224,000,000 | Real Estate |
Wave Life Sciences | $200,000,000 | Biotechnology |
Amerant Bancorp | $165,000,000 | Financial Services |
MPC Container Ships | $125,000,000 | Shipping |
Partners Value Split | $110,934,438 | Asset Management |
Asante Gold Corporation | $100,000,000 | Mining |
Armada Hoffler Properties | $94,500,000 | Real Estate |
ITAB Shop Concept | $85,094,480 | Retail |
BlackSky Global | $46,000,000 | Aerospace |
MDxHealth | $40,000,000 | Biotechnology |
Kneat | $35,000,375 | Software |
Nordic Aqua Partners | $33,195,981 | Seafood |
Troilus Gold | $28,000,000 | Mining |
Datalex | $27,879,352 | Technology |
Ventyx Biosciences | $27,000,000 | Biotechnology |
XChange TEC.INC | $25,000,000 | Insurance |
Beyond Air | $20,600,000 | Biotechnology |
Greenheart Gold | $18,548,471 | Mining |
Arizona Sonoran Copper Company | $18,440,998 | Mining |
enVVeno Medical | $15,000,000 | Medical Devices |
Grove Collaborative | $15,000,000 | Consumer |
POET Technologies | $15,000,000 | Technology |
Spectral Capital | $15,000,000 | Financial Services |
Cue Biopharma | $12,000,000 | Biotechnology |
CARMAT | $11,465,562 | Medical Devices |
Elevai Labs | $8,000,000 | Biotechnology |
Edible Garden | $5,650,000 | Agriculture |
Pasithea Therapeutics | $5,000,000 | Biotechnology |
Banzai | $5,000,000 | Software |
Outcrop Silver & Gold | $5,000,000 | Mining |
RYDE Technologies | $4,500,000 | Technology |
Eyenovia | $4,000,000 | Biotechnology |
Westhaven Gold Corp | $3,709,694 | Mining |
Ondine Biomedical | $3,702,228 | Biotechnology |
Doré Copper Mining | $3,472,215 | Mining |
BioVie | $3,000,000 | Biotechnology |
Theriva Biologics | $2,500,000 | Biotechnology |
Mirasol Resources | $2,225,817 | Mining |
Nova Minerals | $2,150,000 | Mining |
OneMedNet | $1,700,000 | Health Care |
NurExone Biologic | $1,610,000 | Biotechnology |
Nepra Foods | $1,000,000 | Food and Beverage |
Fredonia Mining | $1,000,000 | Mining |
Lead Investors
Ventyx Biosciences: $27,000,000 | Biotechnology | Lead Investor: Sanofi
Grove Collaborative: $15,000,000 | Consumer | Lead Investor: Volition Capital
Spectral Capital: $15,000,000 | Financial Services | Lead Investor: Spark Market Technology
XChange TEC.INC: $25,000,000 | Insurance | Lead Investor: VG Master Fund
Troilus Gold: $28,000,000 | Mining | Lead Investors: Desjardins Capital, Haywood Securities Inc.
Yonghui Superstores: $889,942,374 | Retail | Lead Investor: Miniso
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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