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SAN FRANCISCO, Dec. 6, 2022 /PRNewswire/ – mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it is preparing to close a first tranche of a non-brokered offering of common shares of the Company, originally announced on November 1, 2022 and upsized to US$18.0 million on November 10, 2022 (the "Offering"). The Company expects the gross proceeds of the first tranche to be approximately US$8.0 million, resulting in the issuance of approximately 7,017,544 common shares at a price per share of US$1.14. mCloud Technologies Corp. Logo (CNW Group/mCloud Technologies Corp.) mCloud also announced today it intends to increase the size of the Offering from US$18.0 million to up to US$20.0 million. Subsequent tranches of the Offering are expected to be completed by the end of December. The Company plans to use the net proceeds of the Offering to accelerate the deployment of the Company’s sustainability and decarbonization capabilities on Google Cloud. Completion of the Offering remains subject to receipt of all required approvals, including the final approval of the TSX Venture Exchange, The securities issued under the Offering will be […]
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