Hammond Power Solutions Inc T.HPS.A

Alternate Symbol(s): HMDPF

Industrials

Hammond Power Solutions Inc. is a Canada-based company, which enables electrification through its broad range of dry-type transformers, power quality products and related magnetics. The Company's standard and custom-designed products are essential in electrical distribution networks through an extensive range of end user applications. The Company has manufacturing plants in Canada, the United States, Mexico and India and sells its products around the globe. Its products include power transformers, furnace transformers, converter transformers, regulating transformers, multi-pulse transformers, distribution transformers, pad mounted transformers and unitized substations. Its converter transformers are used in industries such as cement and steel plants, and other related applications. It serves various industries, including renewable energy, commercial infrastructure and industrial markets. It offers a variety of transformer and reactor solutions for the solar and wind energy market.

TSX:HPS.A - Post by User

Hammond Power Solutions Inc > secondary offering

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Comment by lotus1on Sep 25, 2024 9:16am

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Post# 36239912

RE:RE:secondary offering

Bill Hammond owned 31.3 % of total o/s ( Sub-Voting and Class B Multiple voting ) shares, before current offering and will contunue to have a 27.5 % stake, with 57.3% voting power, after the sale. So, yes, the founder still has skin in the game and a considerable one.

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