Anaergia Inc. announced a non-brokered private placement of 102,000,000 units at a price of CAD 0.40 per unit for the gross proceeds of CAD 40,800,000 on December 17, 2023. The transaction will include participation from new investor, Marny Holdco. The units will be consisted of one subordinate voting share and 1/5 of one share purchase warrant. Each Warrant entitles the holder to purchase one additional Subordinate Voting Share at an exercise price of CAD 0.80 for a period of 3 years following the closing of the first tranche. The Strategic Investment will close in three tranches of 34,000,000 units for gross proceeds of CAD 13,600,000 each. The first, second and third tranches may close no later than January 15, 2024, February 15, 2024, and March 15, 2024, respectively. The closing of the first, second and third tranches are subject to a limited number of customary conditions. The subordinate voting shares to be issued pursuant to the Strategic Investment will be subject to a statutory 4-month hold period in accordance with applicable Canadian securities laws.

On January 19, 2024, the company announced that the first tranche of CAD 13,600,000 is expected to close on or about January 23, 2024.

On January 25, 2024, the company announced that the first tranche of CAD 13,600,000 is expected to close on or about January 29, 2024.