share_log

Pond Technologies Announces the Engagement of Corton Capital to Assist With a Private Placement of up to $5.25 Million Convertible Debentures and Extension of Crystal Wealth Loan

Pond Technologies Announces the Engagement of Corton Capital to Assist With a Private Placement of up to $5.25 Million Convertible Debentures and Extension of Crystal Wealth Loan

Pond Technologies宣布聘请Corton Capital协助私募高达525万美元的可转换债券并延长水晶财富贷款
Accesswire ·  2023/06/07 05:30

MARKHAM, ON / ACCESSWIRE / June 6, 2023 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND)(OTCQB:PNDHF)(FSE:400), an ESG company addressing global sustainability challenges of wellness and climate change, is pleased to announce it has engaged Corton Capital Inc. ("Corton") in respect of a private placement (the "Private Placement") of up to an aggregate of $5,250,000 in principal amount of convertible debentures of Pond (the "Convertible Debentures").

安大略省万锦市/ACCESSWIRE /2023 年 6 月 6 日 / 庞德科技控股有限公司 (”池塘“)(TSX.V: POND)(OTCQB: PNDHF)(FSE: 400)是一家应对健康和气候变化的全球可持续发展挑战的ESG公司,很高兴地宣布已聘请Corton Capital Inc.(”Corton“) 就私募而言(”私募配售“)Pond的可转换债券本金总额不超过525万美元(”可转换债券“)。

The Convertible Debentures bear interest at 12% per annum, are convertible into common shares of Pond ("Common Shares") at the option of the holders thereof at any time after 30 trading days from the date of placement, at a conversion price of $0.20 per share (the "Conversion Price"), and mature three (3) years from the date of issuance. In the event that, following closing, the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the Common Shares on the TSX Venture Exchange ("TSXV") exceeds $0.40 per Common Share for 20 consecutive trading days (the "Triggering Event"), the Convertible Debentures (including the interest accrued thereon) shall be automatically converted into Common Shares on the effective date of the Triggering Event at the Conversion Price.

可转换债券的年利息为12%,可转换为Pond的普通股(”普通股“)自配售之日起30个交易日后的任何时候由其持有人选择,转换价格为每股0.20美元(”转换价格“),自发行之日起三(3)年到期。如果收盘后,多伦多证券交易所普通股的每日交易量加权平均交易价格(或没有交易的日子的收盘出价)(”TSXV“) 连续20个交易日每股普通股超过0.40美元(”触发事件“),可转换债券(包括其应计利息)应在触发事件生效之日自动按转换价格转换为普通股。

The Convertible Debentures will be senior unsecured obligations of Pond and will rank senior to any other existing and future subordinated unsecured indebtedness of Pond. The Private Placement is subject to customary closing conditions, including the approval of the TSXV, and is anticipated to close on or about June 30, 2023. The Convertible Debentures, and any Common Shares issued upon conversion, will be subject to a statutory hold period expiring four (4) months and a day from the date of issuance of the Convertible Debentures.

可转换债券将是Pond的优先无抵押债务,将优先于Pond的任何其他现有和未来的次级无抵押债务。私募受惯例成交条件的约束,包括多伦多证券交易所的批准,预计将于2023年6月30日左右结束。可转换债券以及转换时发行的任何普通股的法定持有期将从可转换债券发行之日起四 (4) 个月零一天到期。

The net proceeds of the Private Placement are expected to be used by Pond for the repayment of debt and for working capital and general corporate purposes.

预计私募的净收益将由庞德用于偿还债务以及营运资金和一般公司用途。

In connection with closing of the Private Placement, Pond has agreed, subject to certain exceptions, to pay Corton a fee equal to up to 6% of the gross proceeds raised under the Private Placement and to issue to Corton that number of Common Share purchase warrants of Pond that is equal to up to 6% of the gross proceeds raised under the Private Placement, each such warrant having an exercise price of $0.20 per share and expiring three (3) years from the date of issuance.

关于私募收购,除某些例外情况外,庞德已同意向Corton支付一笔不超过私募筹集总收益6%的费用,并向Corton发行相当于私募筹集总收益的6%的Pond普通股购买权证,每份此类认股权证的行使价为每股0.20美元,自发行之日起三(3)年内到期。

In addition to the Private Placement, and further to the prior release dated March 25, 2021, Pond announces that it has entered into an agreement with Grant Thornton Limited, in its capacity as court-appointed receiver and manager of Crystal Wealth Management System Limited, to further amend certain terms relating to Pond's obligations under its existing loan arrangements with Grant Thornton.

除私募外,继2021年3月25日的先前新闻稿之后,庞德宣布已以法院任命的接管人和Crystal Wealth Management System Limited的身份与Grant Thornton Limited达成协议,进一步修改与庞德在与格兰特·桑顿的现有贷款安排下的义务有关的某些条款。

The agreement provides for, among other things, the postponement of all interest and principal payments until the earlier of September 30, 2023, and the date of closing at least $3 million under the Private Placement.

除其他外,该协议规定将所有利息和本金的支付推迟到2023年9月30日较早的日期,以及私募下至少300万美元的完成日期。

Thomas Masney, Pond CFO, commented, "Pond is very pleased with the amendments as it will assist in stabilizing our debt servicing expenses during the current expansion phase of its business plan. By taking these careful measures, we may greatly increase our financial runway, lower our short-term debt obligations, and increase the flexibility of our balance sheet. We look forward to keeping our shareholders updated as appropriate."

庞德首席财务官托马斯·马斯尼评论说:“庞德对修正案感到非常满意,因为它将有助于稳定我们在当前业务计划扩张阶段的偿债支出。通过采取这些谨慎的措施,我们可以大大增加我们的财务状况,减少我们的短期债务并增加资产负债表的灵活性。我们期待酌情向股东通报最新情况。”

About Pond Technologies Holdings Inc.:

关于庞德科技控股公司:

Located in Markham, Ontario, Pond Technologies has developed a proprietary system that can profitably transform CO2 into valuable products. Its Pond Carbon business focuses on absorbing greenhouse gas emissions, transforming these into food, feed, and nutraceutical ingredients. Pond recently added a Biotech division focused on the growth of unique strains of microalgae to be used as a reproductive medium for the expression of human antibodies and proteins.

位于安大略省万锦市的Pond Technologies开发了一种专有系统,该系统可以将二氧化碳转化为有价值的产品,有利可图。其 Pond Carbon 业务专注于吸收温室气体排放,将其转化为食品、饲料和营养品原料。庞德最近增加了一个生物技术部门,专注于培育独特的微藻菌株,用作表达人类抗体和蛋白质的生殖介质。

For more information, please visit

欲了解更多信息,请访问

Forward-Looking Statements:

前瞻性陈述:

This press release contains forward‐looking statements within the meaning of applicable securities laws, including statements regarding anticipated closing of the Private Placement and the use of proceeds therefrom, and the repayment of its loan with Grant Thornton. Such forward‐looking statements are based on certain key expectations and assumptions made by Pond, including, among others, assumptions regarding Pond's ability to successfully close subscriptions under the Private Placement, obtaining TSXV acceptance of the Private Placement, compliance with its loan obligations, continued commercialization of Pond's technology, the successful negotiation of licensing, supply and commercial agreements on terms acceptable to Pond, the continued legislative regime in which Pond operates, availability of cost‐effective labour and supplies, the proper functioning of Pond's technology, the quality of the algae produced, the demand for Pond's products, the ability of Pond to successfully compete, cash flow and expenses, and obtaining and maintaining intellectual property protection. Although Pond believes that the expectations and assumptions on which such forward‐looking statements are based are reasonable, undue reliance should not be placed thereon and Pond can give no assurance that they will prove to be correct. By their nature, such forward‐looking statements are subject to various risks and uncertainties, which could cause the actual results and expectations to differ materially from the anticipated results or expectations expressed, including the risks set forth in Pond's management's discussion and analysis of financial condition and results of operations for its year ended December 31, 2022, and for the interim period ended March 31, 2023, available on Pond's profile on the SEDAR website at .

本新闻稿包含适用证券法所指的前瞻性声明,包括有关私募的预期结束及其所得款项的使用以及向Grant Thornton偿还贷款的声明。此类前瞻性陈述基于庞德做出的某些关键预期和假设,包括对庞德成功完成私募认购的能力、获得多伦多证券交易所接受私募的认可、遵守其贷款义务、Pond技术的持续商业化、就Pond可接受的条款成功进行许可、供应和商业协议的谈判、庞德运营所遵循的持续立法制度、具有成本效益的劳动力的可用性的假设,以及供应、庞德技术的正常运作、所生产的藻类的质量、对庞德产品的需求、Pond 成功竞争的能力、现金流和支出,以及获得和维护知识产权保护。尽管庞德认为此类前瞻性陈述所依据的预期和假设是合理的,但不应过分依赖这些期望和假设,庞德也无法保证这些期望和假设会被证明是正确的。就其性质而言,此类前瞻性陈述受各种风险和不确定性的影响,这可能导致实际业绩和预期与所表达的预期业绩或预期存在重大差异,包括庞德管理层对截至2022年12月31日的年度和截至2023年3月31日的过渡期财务状况和经营业绩的讨论和分析中提出的风险,可在SEDAR网站上Pond的个人资料中查阅。

Readers are cautioned not to place undue reliance on this forward‐looking information, which is given as of the date hereof, and to not use such forward‐looking information for anything other than its intended purpose. Pond does not undertake any obligation to update publicly or revise any forward‐looking information, whether as a result of new information, future events or otherwise, except as required by law.

提醒读者不要过分依赖截至本文发布之日提供的这些前瞻性信息,也不要将此类前瞻性信息用于其预期目的以外的任何用途。除非法律要求,否则Pond不承担任何公开更新或修改任何前瞻性信息的义务,无论是由于新信息、未来事件还是其他原因。

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

多伦多证券交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。

For further information contact: Grant Smith, Chief Executive Officer, at g.smith@pondtech.com, 416-287-3835 ext. 201; or Thomas Masney at t.masney@pondtech.com.

欲了解更多信息,请联系:首席执行官格兰特·史密斯,g.smith@pondtech.com,416-287-3835 分机201;或致电 t.masney@pondtech.com 联系托马斯·马斯尼。

SOURCE: Pond Technologies Holdings Inc.

来源: 庞德科技控股有限公司


View source version on accesswire.com:
在 accesswire.com 上查看源代码版本:

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
    抢沙发