Breaking News: Capital Power Launches $350 Million Common Share Offering!
Description:
BASE SHELF PROSPECTUS IS ACCESSIBLE, AND PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR NOT FOR DISTRIBUTION TO THE U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES EDMONTON, Alberta, Dec. 10, 2024 (GLOBE NEWSWIRE) — Capital Power Corporation (TSX: CPX) (“Capital Power” or the “Company”) announced today that it has entered into an agreement with a syndicate of underwriters co-led by TD Securities and Scotiabank (collectively the “Underwriters”), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 5,960,000 common shares of Capital Power (“Common Shares”) at an offering price of $58.80 per Common Share (the “Offering Price”) for total gross proceeds to the Company of approximately $350 million (the “Offering”). The Underwriters have also been granted an option (the “Over-Allotment Option”) to purchase up to an additional 894,000 Common Shares at the Offering Price.
How will this affect me?
For individual investors, this news can present an opportunity to invest in Capital Power through the purchase of common shares at the offering price. It allows investors to be part of the growth and success of the company while potentially benefiting from any future dividends or capital gains.
How will this affect the world?
The successful launch of the $350 million common share offering by Capital Power indicates investor confidence in the company and its operations. This capital infusion can enable Capital Power to expand its projects, invest in renewable energy sources, and contribute to the global shift towards sustainability and cleaner energy practices.
Conclusion:
In conclusion, the $350 million common share offering by Capital Power marks a significant milestone for the company and demonstrates strong investor interest. This move has the potential to benefit both individual investors looking to diversify their portfolios and contribute positively to the global energy landscape.
