Mcloud announces upsize of common share offering to $18 million with strategic investors

San francisco , nov. 10, 2022 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld), ("mcloud" or the "company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that, due to strong demand, it has increased the size of its previously announced non-brokered offering of common shares of the company from us$12.5 million to us$18.0 million at a price per share of us$1.14 per share (the "offering"). subject to receipt of all required approvals, including ‎the final approval of the tsx venture exchange (the "tsxv"), the offering is expected to be completed in mid-to-late november.
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