Mcloud closes over-allotment option for underwritten public offering

Company to also provide update on assetcare ™ fugitive gas solution on december 7, 2021   calgary, ab, dec. 6, 2021 /prnewswire/ - mcloud technologies corp. (nasdaq: mcld) (tsxv: mcld) ("mcloud" or the "company"), a leading provider of ai-powered asset management and environmental, social, and governance ("esg") solutions today announced, further to the close of its underwritten public offering of 2,100,000 units at a price of us$4.50 per unit (the "offering price") as announced on november 29, 2021, maxim group llc (the "underwriter") exercised their over-allotment option in full to purchase an additional 315,000 common shares at the offering price. the proceeds from the over-allotment option were us$1,417,500.
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