FormerXBC Inc XEBEQ

Plug Power Inc. Announces Proposed Public Offering

[midard]

Plug Power intends to use the net proceeds from the offering for working capital and other general corporate purposes, which may include capital expenditures, potential acquisitions, growth opportunities and strategic transactions.https://www.globenewswire.com/news-release/2021/01/26/2164705/0/en/Plug-Power-Inc-Announces-Proposed-Public-Offering-of-Common-Stock.html

[Arbourmark]

Interesting Midgard, I think TT might be right on the moneythat XBC might do another raise here.  They are in a hot sector and banks want to lend money in that sector.

[Zipolitemexico]

Back in early December Kurt talked about a new credit facility that would be in the $50M range and being a done deal.. The banks were lining up at the door. He was feeling like the only guy at a Sadie Hawkins dance (you youngins need to Google that one). The announcement seemed imminent  Could this delay be related to the possibilities being discussed here? Anyone with a better understanding

[Ciao]

XBC has always been up front on their business strategy, that included the M&A for the hydrogen company and CSNs which was broadcast first, then funds raised.  I doubt they are currently looking to raise funds for the sake of raising funds. They have not announced any plans for furtrher M&A besides the usual CSN companies. They have more cash now than before the raise and M&A

[tamaracktop]

Yes. How coincidental.    Plug is off a few points after hours, understandably, but is still holding up very well. Judging from the volume in late trading, there's been a net outflow of about $170 million from the stock, which will probably grow to $250 million to $300 million by the time after-hours trading closes.     Certainly some of these funds will be re-committed to

[Arbourmark]

TT, your comments and speculations are always welcomed!