Deal snapshot: HYDROGEN ENGINE CENTER COMPLETES FINANCE RELATED TO TINA ACQUISITION.
US-based alternative-fueled engine specialist Hydrogen Engine Center, Inc. (OTC: HYEG) has completed another phase of financing with TINA Energy Systems, the company said.
In November 2014, DEC announced an agreed deal to buy TINA, with the goal of producing an integrated hydrogen-energy system designed for electrical production. Effective 5 April 2016, HEC has issued 2,930,232 shares to TINA upon TINA's cashless exercise of a warrant to purchase up to 7m shares at USD 0.15 per share.
Sector: Alternative Energy
Target: TINA Energy Systems
Buyer: Hydrogen Engine Center
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: , ,
Comment: Hydrogen Engine Center progresses with financing
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|Publication:||M & A Navigator|
|Date:||May 18, 2016|
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