Saturday, October 25, 2025

Latest

Eguana Sees ITOCHU Increase Stake To 12.95%

Eguana Technologies (TSXV: EGT) this morning is reporting that one of its largest shareholders has increased its stake in the company. ITOCHU Corporation, a Japanese conglomerate, has increased its stake in the firm to just under 13%.

The increased stake follows ITOCHU electing to exercise 16.7 million common share purchase warrants issued in March 2020. The exercise will result in Eguana bringing in an additional $3.3 million in cash to company coffers.

Separately, ITOCHU has agreed to accept payment of the $1.1 million owed in interest on Eguana’s 7% unsecured convertible debenture in the form of common shares of the company. As a result, 4.2 million shares of Eguana were issued to settle the debt at a price of $0.27 per share.

WATCH: Eguana Tech: $10M Quarter + What’s Coming For 2023 – with Justin Holland

“The exercise of the Warrants, along with the interest conversion, further demonstrates ITOCHU’s confidence in our partnership and expansion plans. We currently have multiple ongoing objectives with ITOCHU including near and long term battery supply, homebuilder, and virtual power plant,” commented Eguana CEO Justin Holland.

Following the transactions, ITOCHU holds 54.9 million shares in Eguana, equating to a 12.95% interest in the company. Prior to the transaction, the company held an 8.44% stake.

Eguana Tech last traded at $0.245 on the TSX Venture.


FULL DISCLOSURE: Eguana Technologies is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Eguana Technologies on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

Eguana Tech Posts Q1 2021 Revenues Of $1.3 Million

Eguana Tech (TSXV: EGT) last night announced its first quarter financial results. Revenues for the...

Wednesday, March 2, 2022, 08:53:32 AM

Eguana Selected For Hawaii Virtual Power Plant Program, Receives First $3.6 Million Order

Eguana Technologies (TSXV: EGT) this evening had a major announcement in that it has been...

Tuesday, July 6, 2021, 04:51:45 PM

Cormark: “Eguana Tech Is At The Very Forefront Of The Growing Wave Of Energy Storage”

Yesterday, Eguana Technologies (TSXV: EGT) released their full year 2020 financial results, alongside an operational...

Friday, January 22, 2021, 11:45:00 AM

Eguana Announces First Large Order in California

This morning Eguana Technologies (TSXV: EGT) announced their first material purchase order from a California...

Monday, August 17, 2020, 11:54:15 AM

Stifel: “A Lot Continues To Go Right For Eguana”

On March 1st, Eguana Tech (TSXV: EGT) reported its first fiscal quarter of 2022. The...

Saturday, March 5, 2022, 05:10:00 PM