dynaCERT raises $2M through convertible note private placement

DynaCERT Inc. (TSX: DYA) (OTCQB: DYFSF) (FRA: DMJ) closed a non-brokered private placement financing that raised $2 million in gross proceeds, according to a company statement.

The Toronto-based cleantech company issued one convertible unit consisting of a convertible note and warrants. The note carries a 5% annual interest rate and matures in two years. Holders can convert the note into 13,333,333 common shares at $0.15 per share.

The unit also includes 6,666,667 common share purchase warrants. Each warrant allows the holder to buy one share at $0.20 per share for two years.

DynaCERT stated the proceeds will finance sales of its HydraGEN technology products to customers in mining, oil and gas, transportation and generator sectors globally. The funds will also support working capital and general corporate purposes.

The securities are subject to a hold period of four months plus one day, expiring April 10, 2026, in accordance with applicable securities laws. No commissions or finder fees were paid for the offering.

DynaCERT develops technology designed to reduce carbon dioxide emissions from internal combustion engines. The company operates production facilities with capacity for up to 36,000 HydraGEN units annually and runs HydraLytica, a cloud-based platform for capturing real-time emissions data.

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