One and One Green Technologies Raises $13M Selling 1.73M Units with 1.5-Share Warrants
One and One Green Technologies sold 1,733,334 units in a $13 million offering at $7.50 each, each unit including one Class A share and a warrant for 1.5 shares. Investors may buy up to $3 million more over the next 45 days, and net proceeds will fund working capital.
1. Offering Details
One and One Green Technologies sold 1,733,334 units at $7.50 each in a follow-on offering, generating $13 million in gross proceeds. Each unit comprised one Class A ordinary share and a warrant for 1.5 shares, and investors hold a 45-day option to purchase up to $3 million additional units on the same terms.
2. Use of Proceeds
Net proceeds are earmarked for working capital and general corporate purposes, strengthening liquidity to support ongoing operations and potential capacity expansion. The funding aims to enhance recycling throughput and operational flexibility in processing hazardous and electronic waste.
3. Company Background
One and One Green Technologies holds a Philippine government license to import and recycle hazardous waste and non-ferrous metals. The company transforms electronic waste, scrap metal, and industrial materials into copper alloy ingots and aluminum scrap, serving domestic and international manufacturers with environmentally responsible recycling solutions.