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home / news releases / MCLD - mCloud Technologies upsized stock offering to raise $18M


MCLD - mCloud Technologies upsized stock offering to raise $18M

  • mCloud Technologies ( NASDAQ: MCLD ) on Thursday disclosed plans to raise $18M in upsized stock offering .
  • The tech platform said it has decided to increase the size of its non-brokered offering from $12.5M to $18M, priced at $1.14 per share.
  • Net proceeds are intended to be used to accelerate the deployment of the company's sustainability and decarbonization capabilities on Google Cloud.
  • "I am pleased by the strong interest we are seeing in this Offering. It is a testament to the strength of our strategic alignment with Saudi Vision 2030 and key customers such as Aramco," commented President and CEO Russ McMeekin.

For further details see:

mCloud Technologies upsized stock offering to raise $18M
Stock Information

Company Name: mCloud Technologies Corp.
Stock Symbol: MCLD
Market: NASDAQ

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