Mcloud commences closing of the first tranche of previously announced non-brokered common share offering

San francisco , dec. 6, 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 it is preparing to close a first tranche of a non-brokered offering of common shares of the company, originally announced on november 1, 2022 and upsized to us$18.0 million on november 10, 2022 (the "offering"). the company expects the gross proceeds of the first tranche to be approximately us$8.0 million, resulting in the issuance of approximately 7,017,544 common shares at a price per share of us$1.14.
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