Anaergia completes TSX IPO, raises more than C$199m

Toronto-based Anaergia, an integrated waste-to-value platform, has completed its initial public offering, raising more than C$199 million, including the greenshoe option. Its subordinate voting shares began trading on the Toronto Stock Exchange this week under the symbol “ANRG”. Anaergia last year secured an investment from First Sentier Investors. It has also raised funding from Export Development Canada, Global H20 Investments, Macquarie Capital and Tandem Expansion Fund.

PRESS RELEASE

BURLINGTON, ON, July 20, 2021 /CNW/ – Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG), an integrated waste-to-value platform created to eliminate greenhouse gases by cost-effectively turning organic waste into renewable natural gas, fertilizer and water, announced today that, further to its recently completed initial public offering (the “Offering”) of 12,500,000 subordinate voting shares of the Company (“Subordinate Voting Shares”) at a price of C$14.00 per Subordinate Voting Share (the “Offering Price”), which closed on June 23, 2021, the Underwriters have partially exercised their over-allotment option (the “Over-Allotment Option”) to purchase an additional 1,740,500 Subordinate Voting Shares at the Offering Price. The aggregate gross proceeds of the Offering, including the partial exercise of the Over-Allotment Option, were C$199,367,000.

The Subordinate Voting Shares began trading on the Toronto Stock Exchange (the “TSX”) on June 18, 2021 under the symbol “ANRG”.
The Offering was made through a syndicate of underwriters co-led by TD Securities Inc. and Barclays Capital Canada Inc., acting as joint bookrunners, and including CIBC Capital Markets, Scotiabank, National Bank Financial Inc., Raymond James Ltd., Roth Canada, ULC and Canaccord Genuity Corp. (collectively, the “Underwriters”).
Torys LLP acted as legal counsel to Anaergia and Goodmans LLP acted as legal counsel to the Underwriters.

The Offering was completed pursuant to the Company’s supplemented PREP prospectus dated June 18, 2021 (the “Prospectus”) and filed with the securities commissions or similar authorities in each of the provinces and territories of Canada, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com.

No securities regulatory authority has either approved or disapproved the contents of this news release. The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or solicitation of an offer to buy any of these securities in any jurisdiction in which the offering or sale thereof is not permitted.

About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases (“GHGs”) by cost effectively turning organic waste into renewable natural gas (“RNG”), fertilizer and water through the use of proprietary technologies. With a track record of delivering innovative projects, Anaergia is uniquely positioned to provide solutions to today’s most pressing resource recovery challenges using a broad portfolio of proven technologies and multiple project delivery methods. Anaergia is one of the world’s only companies with a proprietary portfolio of end-to-end solutions that integrate solid waste processing as well as wastewater treatment with organics recovery, high efficiency anaerobic digestion, RNG production and recovery of fertilizer and water from organic residuals. The combination of these technologies enhances carbon-negative biogas, clean water and natural fertilizer production, utilizes a minimized footprint and lowers waste and wastewater treatment costs and GHG emissions.