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Innova Pre-Seed Funding

  • Writer: Kamelia Giles
    Kamelia Giles
  • Jun 21, 2021
  • 1 min read

Updated: Aug 8

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Innova is pleased to announce that it has closed a $2.2 million pre-seed funding round via a non-brokered private placement of common shares in the capital of the company.


As a result of strong investor demand, Innova increased the aggregate offering size from the initially contemplated $1.5 million.


The common shares issued are subject to a four-month hold period in accordance with applicable Canadian securities laws.


The net proceeds from the pre-seed round will be used to advance the development of Innova's proprietary methane pyrolysis technology, file international patents to protect the the company's intellectual property, secure government grants, seek strategic partnerships, and for general corporate purposes.


A huge thank you to all of the investors supporting Innova's vision to build a cleaner future!


 
 

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