Clean Power (CSE: MOVE) (OTC: MOTNF) (FWB: 2K6A), further to its previous update regarding the launch of a review and development of its capital markets strategy in the U.S., on Friday announced that it has appointed Canaccord Genuity Corp. as financial advisor. Canaccord has been engaged on a broad mandate to advise Clean Power on M&A opportunities and capital raise solutions. The global investment bank has financed and advised an extensive list of other companies operating in the sustainability-focused technology sector including FuelCell Energy Inc. (NASDAQ: FCEL), Greenlane Renewables Inc. (TSX.V: GRN), Plug Power Inc. (NASDAQ: PLUG) and Soraa Inc. The outcome of Clean Power’s review and development of its capital markets strategy will depend on the opportunities that arise, and there is no assurance of any particular outcome or its timing. Given the nature of the process, Clean Power does not intend to make any future announcements related to the development of its capital markets strategy until such time it determines that further disclosure is necessary or appropriate.
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About Clean Power Capital Corp.
Clean Power specializes in investing into private and public companies opportunistically that may be engaged in a variety of industries, with a current focus in the health and renewable energy industries. In particular, the mandate is focused on high return investment opportunities, the ability to achieve a reasonable rate of capital appreciation and to seek liquidity in the company’s investments. A copy of Clean Power’s amended and restated investment policy may be found under the company’s profile at www.sedar.com. For more information, visit the company’s website at www.CleanPower.capital.
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