.9 Sep 2020 12:59
However, it may be that today’s £5m fund raise is what defines Powerhouse Energy as a serious entity, rather in the manner of the film, The Wizard of Oz. The latest investment is a black and white to technicolor moment, as an international institutional investor enters the fray, joining Peel and the major shareholder White family in the raise. The added kickers of the fund raise being that it massively oversubscribed, at only a small discount to the prevailing market price, and that no additional stock will come on the market as the raise in derived from long term holders. In the wake of the raise, Peel will additionally provide access to the front engineering design, full access to the Protos site and make Powerhouse’s programme a flagship for international commercial sales.
https://zakmir.com/powerhouse-energy-phe-a-fundamental-inflection-point/#gs.f3k50g