Top Financings of the Week

The Recap

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

• Microchip Technology Inc. (NASDAQ: MCHP) Leading provider of smart, connected, and secure embedded control solutions, announces pricing of $1.35 billion underwritten public offering.

• Dakota Gold Corp. (NYSE: DC) Gold exploration and development company, announces pricing of public offering of 12.4M common shares, for gross proceeds up to $35 million.

• Plug Power Inc. (NASDAQ: PLUG) Global leader in hydrogen solutions, announces pricing of upsized offering of 185.4M common stock equivalents and accompanying warrants, raising approximately $280 million.

Dakota Gold is a South Dakota-based responsible gold exploration and development Company with a specific focus on revitalizing the Homestake District in Lead, South Dakota. Dakota Gold has high-caliber gold mineral properties covering over 48 thousand acres surrounding the historic Homestake Mine.

The gross proceeds from the recently announced offering, before deducting expenses, will be approximately $35 million, or approximately $40 million if the underwriters exercise the option in full.

The Company expects to use the net proceeds of the offering for working capital and other general corporate purposes.

Microchip Solutions is a leading provider of smart, connected and secure embedded control and processing solutions. The Company’s innovations also address key industry megatrends, including IoT edge computing, data centers, 5G, sustainability, E-Mobility, and ADAS/autonomous driving.

The Company recently announced plans to raise capital by offering $1.35 billion of convertible stock.

Microchip said it plans to use net proceeds from the offering to pay the cost of capped call transactions, which are derivatives used to limit share dilution, and to repay existing debt, including outstanding notes from its commercial paper program.

Plug Power is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug Power provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications and energy producers.

The Company announced an upsized offering of 185.4M common stock equivalents and accompanying warrants, that will generate approximately $280 million.

“The net proceeds from this offering will strengthen our financial position and help drive profitability in 2025. We are taking disciplined actions to optimize operations, improve cash flow, and focus on strategic initiatives that support sustainable growth,” said Andy Marsh, Plug Power’s Chief Executive Officer. “This funding reinforces our long-term vision and financial resilience.”

Top Money Moves

Lead Investors

• Austal: $120,780,000 | Commercial | Lead Investor: Hanwha

• SpiceJet Limited: $35,290,800 | Aerospace | Lead Investor: Spice Healthcare Private Ltd

• Telesis Bio: $21,000,000 | Bioinformatics | Lead Investor: Northpond Ventures, Novalis LifeSciences

• Opus Genetics: $20,000,000 | Biopharma | Lead Investor: Perceptive Advisors

• Maritime Resources: $14,801,850 | Mineral | Lead Investor: Dundee Corporation

• Artist United: $13,500,000 | Ad Retargeting | Lead Investor: Maeil Broadcasting Network

• IRIDEX: $10,000,000 | Biotechnology | Lead Investor: Novel Inspiration International

• Kodiak Copper: $4,083,246 | Mining | Lead Investor: Konwave AG

• Neuromeka: $3,750,000 | Industrial Engineering | Lead Investor: DN Solutions

• Tantalex Lithium Resources: $1,591,000 | Mineral | Lead Investor: AfriMet Resources, Simon Collins

• Santech Holdings: $1,000,000 | Finance | Lead Investor: Carmel Holdings

• NIO: $350,000,000 | Automotive | Lead Investor: Contemporary Amperex Technology

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]