BluSky Carbon to Launch $3 Million Public Offering

BluSky Carbon Inc., a key player in the carbon removal clean tech sector, has announced a public offering of units to raise up to $3 million. The company is partnering with Canaccord Genuity Corp., which will manage the offering on a best-efforts basis. The offering will consist of up to 6,000,000 units at $0.50 per unit. The expected closure of the offering is set for December 19, 2024, subject to necessary approvals.

Each unit contains one common share and a warrant to purchase an additional share for $0.65 over the next 24 months. An over-allotment option might increase proceeds to $3.45 million. Funds will support working capital and corporate needs. Regulatory approval is a condition for the offering, and prospective investors should review the relevant documentation before participation.