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MCLD - mCloud technologies launches public offering of preferred shares and warrants
mCloud Technologies Corp.
mCloud Technologies ( NASDAQ: MCLD ) commenced its public offering of up to $25M 9.0% series A cumulative perpetual preferred shares, with a liquidation preference of $25.00 per share and up to 25M warrants to purchase one common share.
Company currently intends to use the net proceeds for working capital and general corporate purposes, including paying off convertible debenture debt in the amount of C$23,955,241.