Anaergia secures $40.8M equity investment from Marny Investissement SA

Anaergia Inc. announced a $40.8 million equity investment by Marny Investissement SA by way of an arm’s-length, three-tranche, non-brokered private placement.

“As part of its strategic review process, the company has focused on reducing costs, eliminating certain debt burdens and obligations, and improving liquidity. The strategic investment reflects the confidence that Marny has in these efforts to unlock the potential value in Anaergia’s long-term vision. The aggregate proceeds from the strategic investment are designed to enhance our liquidity position over time, providing us, potentially, with the resources to navigate current challenges as we have previously disclosed,” said Brett Hodson, the chief executive officer of Anaergia. “We appreciate the support of our stakeholders as we work towards strengthening our financial foundation and achieving our business plans. The anticipated capital injections reaffirm our commitment to delivering on our business strategy to drive sustainable success and harness the exciting opportunities that lie ahead for Anaergia.”

“We are pleased to make the strategic investment in Anaergia, which is well positioned as a worldwide global renewable fuels leader,” said Ohad Epschtein, the beneficial owner of Marny. “We have analyzed Anaergia’s unique technology and manufacturing capabilities and we are very optimistic that the strategic investment will allow the company to unlock additional growth and potential. We expect to work closely with Dr. Andrew Benedek and Anaergia’s management team, as we continue to expand and grow Anaergia’s business interests in new directions, all with the ultimate goal of creating a cleaner and better world.”

Read the full news release with terms here.