EverGen Infrastructure Closes $13M Financing to Enhance Financial Flexibility
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Financing Structure Optimization: EverGen has secured a $13 million asset-level debt agreement with Farm Credit Canada, significantly reducing overall debt service costs and strengthening the company's financial foundation to support strategic goals for 2026.
- Corporate Debt Repayment: The company successfully repaid $12 million of corporate debt, reducing the remaining balance to approximately $1.1 million, which alleviates financial burdens and provides funding for future organic growth and optimization projects.
- Successful Equity Financing: EverGen closed a non-brokered private placement raising approximately $1.9 million by issuing 3,152,441 common shares at $0.60 each, reflecting strong market confidence in the company's operational performance and platform potential.
- Strategic Development Opportunity: This financing not only enhances the company's capital flexibility but also lays the groundwork for expansion in the renewable natural gas sector, expected to accelerate growth in agricultural waste solutions.
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About EVGN
Evogene Ltd is an Israel-based company, engaged in leveraging computational biology to design products for life-science-based industries including human health, agriculture, and industrial applications. Leveraging Big Data and Artificial Intelligence while incorporating a deep understanding of biology, Evogene established its technology, the Computational Predictive Biology (CPB) platform, to computationally design microbes, small molecules and genes as the core components for life-science products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development of human microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
