Enerdynamic extends Windular acquisition to July 30
2021-07-12 19:43 ET - News Release
Mr. John Gamble reports
EHT PROVIDES CORPORATE UPDATE
Enerdynamic Hybrid Technologies Corp. has provided an update on its pending acquisition of Windular Research and Technologies in conjunction with the company completing a share consolidation, debt conversion and proposed financing, each as further described in Enerdynamic's June 28, 2021, news release. In order to accommodate the completion of the Acquisition, Enerdynamic and Windular have agreed to extend the date of completion to July 30, 2021. Enerdynamic and its advisors are working diligently to complete all transactions in this process and anticipate closing them on or about July 16, 2021, subject to TSX approval.
John Gamble, CEO of Enerdynamic, commented: "We are close to the finish line on the transaction with the remaining paperwork in process to be finalized. This is a highly complex transaction and we greatly appreciate your patience and understanding as EHT and our advisors work to finalize all the moving pieces. We hope to close the series of transactions this Friday with TSX approval early next week and be up and trading again very soon. Rest assured, we are working hard to expedite closing."
About Enerdynamic Hybrid Technologies Corp.
Enerdynamic delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Enerdynamic's expertise includes the development of its ENERTEC module structures with full integration of smart energy solutions. Using a proprietary skin and foam core that is stronger than traditional wood or steel structural insulated panels, Enerdynamic provides exceptional thermal energy efficiency in modular homes, cold storage facilities, residential/commercial out buildings and emergency/temporary shelters. Enerdynamic works with its partners worldwide to erect the buildings on-site utilizing Enerdynamic staff and local crews. In addition to traditional support to established electrical networks, ENERTEC buildings excel where no electrical grid exists.