Energy Plug Closes Oversubscribed Non-Brokered Private Placement

Press Release

Vancouver, British Columbia— Energy Plug Technologies Corp. (CSE: PLUG) (OTCQB: PLGGF) (FSE: 6GQ) (“Energy Plug” or the “Company”), is pleased to announce that, further to its press releases dated January 22, 2025 and February 10, 2025, it has closed the second and final tranche of its non-brokered private placement (the “Private Placement”), issuing 333,333 units (each, a “Unit”) at a price of $0.15 per Unit for gross proceeds of $50,000. Each unit is comprised of one common share and one common share purchase warrant (the “Warrant”) having an exercise price of $0.25 per share and a term of one year from the date of closing of the Private Placement (the “Closing Date”). In total, the Company has raised aggregated gross proceeds of $1,217,999 through the issuance of 8,119,993 Units in the Private Placement.

“We sincerely appreciate the strong investor interest level with the closing of this oversubscribed private placement. This financing brings new participants who offer strategic perspectives and is also a reflection of the work and progress made by the team over the past few months,” said Paul Dickson, CEO of Energy Plug Technologies.

The securities issued as part of the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. The Company intends to use the net proceeds raised from the Private Placement for general working capital purposes.

No finder’s fees were paid in connection with the final tranche of the Private Placement.

About Energy Plug Technologies Corp.

Energy Plug Technologies Corp. is an energy technology company dedicated to innovation and sustainability. With a focus on energy storage applications for residential, commercial, and utility sectors, the company advances battery technologies to enhance energy management and grid resiliency. Based in British Columbia, Energy Plug partners with leading technology companies and Indigenous communities to deliver solutions. For more information, visit https://energyplug.com.

Contact Information

Energy Plug Technologies Corp.
Paul Dickson
CEO, Director
info@energyplug.com
(604) 283-1262

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