DG Innovate – fundraise ‘primarily for the company's commercialisation strategy’. Really?
By Steve Moore | Monday 23 January 2023
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Describing itself as an “advanced research and development company pioneering sustainable and environmentally considerate improvements to electric mobility and energy storage”, DG Innovate (DGI) states that it is “pleased to announce” an equity subscription to “primarily be used to provide additional funding for the company's commercialisation strategy for its Enhanced Drive Technology and Enhanced Battery Technology”. But what’s the detail?
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