One Energy has Successfully Closed its Oversubscribed $35+ million Series A Preferred Round
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 28 2024
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Source: newsfilter
- One Energy Enterprises Inc. Funding: Received commitments for additional shares of preferred stock, totaling over $35 million, to fund business plans and working capital needs.
- Business Combination with TRTL: One Energy is pursuing a business combination with Tortoise Ecofin Acquisition Corp. III (TRTL) and exploring additional financing opportunities.
- Series A Preferred Investments: Terms include conversion of shares into common stock or exchange for newly-issued Pubco preferred shares upon the completion of the Business Combination.
- Additional Information on Business Combination: More details about the proposed Business Combination can be found in TRTL's public filings and registration statements.
- Forward-Looking Statements: The communication contains forward-looking statements regarding the Proposed Transaction, future financial conditions, and potential risks and uncertainties.
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.
