Electra Battery Materials Secures Full Subscription For $30M Private Placement, Announced Earlier Today
Benzinga Newsdesk 1 year ago
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Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company") today reports that its previously announced best-efforts brokered private placement financing (the "Offering") is fully
Electra Battery Materials Corporation (NASDAQ:ELBM, TSXV:ELBM) ("Electra" or the "Company") today reports that its previously announced best-efforts brokered private placement financing (the "Offering") is fully subscribed, with investor orders totaling US$30 million. Electra received strong participation from both existing shareholders and new institutional investors.
The Offering is expected to close on or about October 17, 2025, concurrently with the closing of Electra's previously announced financial restructuring (the "Restructuring"). Closing remains subject to the receipt of shareholder approval at the special meeting scheduled for October 15, 2025, as well as other customary conditions, including regulatory approvals from the TSX Venture Exchange and notification to the Nasdaq Stock Market.