Vertical aquaponics firm
The deal is great news for the company and its investors, as it will fund general operations as well as the continued construction of their facility in
Announced after hours on
The deal comes at a time when Pontus is already using artificial intelligence, machine learning, and automation to improve profitability and limit waste.
TERMS OF THE DEAL
While certain details of the deal remain private, what can be disclosed are some financial specifics:
· A minimum of 3,125,000 and maximum of 12,500,000 units of Pontus will be purchased
· Pontus has closed the purchase of the first tranche of 3,947,250 shares at
· Each unit is worth one common share AND one share warrant.
· If/when the investor chooses to exercise those warrants in the next 24 months, they may do so at a price of
QUICK RECAP
Aquaponics and water lentils innovator
New capital will be used to fund operations, as well as construction of new facility.
Up to 12.5 million shares to be purchased.
Current market cap of HULK.V is
MACHINE LEARNING AND AI ATTRACTIVE TO INVESTORS
As previously stated, part of this newly announced investment will go toward the construction of Pontus' 20,000+ square foot
Through its proprietary CEVAS technology (Closed Environment Vertical Aquaponics System),
HULK.V'S GREEN ATTRACTS INVESTORS
Through its top tier water lentil products and creation of aquaponics systems,
This newly announced investment signals great strength for a company using innovative technology and systems to affirm its place in the aquaponics industry. Pontus uses aquaponics to create a "closed loop" and a more comprehensive and complete ecosystem for growing its water lentils.
PONTUS AS AN INVESTMENT
Investors should be aware that while the stock price is a relatively affordable
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