Why EnergyX raised $75M from small investors, even after taking VC money from GM and others [TechCrunch]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
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Source: TechCrunch
For most, that means wooing venture capitalists early and often, trading equity in the company and board seats for cash to keep the lights on. For Teague Egan, it also means courting retail investors. Egan's company, EnergyX , has spent the last several years developing a way to extract lithium for EV batteries from briny water locked underground. To fund its operations, EnergyX has raised over $90 million from traditional investors including GM Ventures , Posco, and Eni Next, according to PitchBook. But it has also raised over $80 million from retail investors, according to Egan, including a $75 million offering that closed today. The offering “democratizes investment,” Egan told TechCrunch. Plus, he added, “it takes some of the power away from traditional VCs that always want to beat you down for terms.” EnergyX's offering took advantage of SEC Regulation A, which allows companies to raise up to $75 million from retail investors every 12 months. In exchange for access to unac
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News
- American Resources Corporation's ReElement Technologies and POSCO International Come Together to Develop a Sustainable Rare Earth Element and Magnet Supply Chain [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Global Silicon Oxide Precursor Market Witnessing Explosive Growth at 60.6% CAGR, Forecast 2024-2030 | Valuates Reports [Yahoo! Finance]Yahoo! Finance
- Iron Castings Market to Grow by USD 50.34 Billion (2024-2028), Driven by Automotive Segment Growth, with AI Impacting Market Trends - Technavio [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
PKX
Sec Filings
- 11/1/24 - Form 6-K
- 10/30/24 - Form 6-K
- 10/30/24 - Form 6-K
- PKX's page on the SEC website