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Investor News

myFC Streamlines Operations after Strategic Review

By | Investor News, News | No Comments June 11, 2019
  • Operations to be focused on sales of technology and development projects
  • The development and sales of own consumer products is to be closed down
  • An organizational adjustment to reduce costs and secure operations for at least one year on existing means

In May of this year, myFC’s Board of Directors commissioned CEO Peter Friedrichsen to carry out a strategic review of the company, its technology, and product and development projects. The need to adjust operations arose as the spring’s rights issue generated less capital than expected.

ValueAct Capital Management Makes Bet on Hydrogen Fuel With Nikola Motor

By | Investor News, News | No Comments April 16, 2019

Bloomberg--ValueAct Capital Management has built a new position in Nikola Motor Co., a closely held hydrogen fuel cell trucking company seeking to raise $1.5 billion to expand in the U.S., starting on the West Coast.

The firm invested $30 million to $40 million in Nikola prior to that fundraising campaign, according to ValueAct Chief Executive Officer Jeff Ubben. The precise stake is uncertain, though well less than 5 percent, he said. San Francisco-based ValueAct purchased shares from Nikola’s chief executive officer along with some early investors.

Plug Power Announces $100 Million Debt Facility from Generate Capital

By | Investor News, News | No Comments April 3, 2019

Debt facility to fund new project deployments and create financial flexibility to pursue growth plans

LATHAM, N.Y.— Plug Power Inc. (NASDAQ:PLUG), a leader providing energy solutions that change the way the world moves, today announced $100 million in debt financing with Generate Capital (“Generate”), an integrated investment and operating platform for innovative resource infrastructure technologies and developers.