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Nano One Materials

Nano One Materials brings in $845,625 from warrant exercise to strengthen finances

As an incentive to take up the early exercise of their warrants, shareholders received an additional 676,500 new share purchase warrants

Nano One Materials -
Each of those entitles the bearer to buy one company share for 14 months from the date of issue at C$1.60 a throw

Nano One Materials Corp (CVE:NNO) (OTCMKTS:NNOMF) revealed that it has raised C$845,625 from an early warrant exercise program.

As an incentive to take up the early exercise of their warrants, shareholders received an additional 676,500 new share purchase warrants, the tech group said in a statement.

READ: Nano One advancing plans to make high-energy lithium ion batteries safer, more durable

Each of those entitles the bearer to buy one company share for 14 months from the date of issue at C$1.60 a throw.

"We are pleased with shareholder support and with the positive outcome of this incentive program," said Dan Blondal, the CEO of Nano One.

"This strengthens our cash position, leverages non-dilutive government funding and demonstrates investor confidence in the execution of Nano One's business plans," he added.

The company has developed patented technology for the low-cost production of high performance lithium ion battery cathode materials, which are used in electric vehicles, energy storage and consumer electronics.

Contact the author at [email protected]

Quick facts: Nano One Materials

Price: $1.46

Market: TSX-V
Market Cap: $97.9 m
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