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