Top Financings of the Week

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• Toogood Gold Corp. (TSX-V: TGC) Closes second tranche of non-brokered private placement, combined with the first tranche, total gross proceeds from the concurrent financing reach CAD$4.5 million. 

• IonQ, Inc. (NYSE: IONQ) The quantum computing and networking company announced a $1 billion equity offering, Heights Capital Management is the sole investor.

• Vertical Aerospace (NYSE: EVTL) The electric aviation company closed its previously announced underwritten public offering, raising $60 million to fund its research and development expenses as Vertical continues to develop its aircraft.

Toogood Gold Corp. a natural resource company focused on the acquisition, development and operation of mineral properties. Its principal focus is on the exploration and development of the Toogood gold project.

TGC holds the right to acquire a 100-per-cent interest in the Toogood gold project, which consists of 16 mineral licences encompassing 481 claims located in the province of Newfoundland and Labrador.

The Company has recently raised total gross proceeds of CAD$4.5M and has recently begun trading on the TSX Venture under the symbol TSX-V: TGC.

IonQ, Inc. is a leading commercial quantum computing and networking company, delivering high-performance systems aimed at solving the world’s most complex problems. IonQ’s current generation quantum computers, IonQ Forte and IonQ Forte Enterprise, are the latest in a line of cutting-edge systems that have been helping customers and partners such as Amazon Web Services, AstraZeneca and NVIDIA achieve 20x performance results.

The Company is accelerating its technology roadmap and intends to deliver the world’s most powerful quantum computers with 2M qubits by 2030 to accelerate innovation in drug discovery, materials science, financial modeling, logistics, chemistry, aerospace, cybersecurity and defense.

IonQ recently announced a $1 billion equity offering, Heights Capital Management is the sole investor.

Vertical Aerospace is a global aerospace and technology company pioneering electric aviation. Vertical is creating a safer, cleaner and quieter way to travel. Vertical’s VX4 is a piloted, four passenger, Electric Vertical Take-Off and Landing (eVTOL) aircraft, with zero operating emissions.

Headquartered in Bristol, the epicentre of the UK’s aerospace industry, Vertical’s experienced leadership team comes from top tier automotive and aerospace companies such as Rolls-Royce, Airbus, GM and Leonardo.

The Company recently closed on $60 million to fund its research and development expenses as Vertical continues to develop its aircraft.

Top Money Moves

Lead Investors

• Inventiva Pharma: $10,000,000 | Biotechnology | Lead Investor: Chia Tai Tianqing Pharmaceutical

• Evaxion Biotech: $4,100,000 | Biotechnology | Lead Investor: European Investment Bank

• zSpace: $30,000,000 | Education | Lead Investor: Tumim Stone Capital

• Remixpoint: $200,681,410 | Electronics | Lead Investor: EVO FUND

• EssilorLuxottica: $3,526,893,148 | Eyewear | Lead Investor: Meta

• Digital Commodities: $1,995,000 | Finance | Lead Investor: Mogo

• Predictive Oncology: $10,000,000 | Health Care | Lead Investor: Yorkville Advisors

• Revival Gold: $7,313,245 | Mining | Lead Investor: EMR Capital

• Orogen Royalties: $7,312,534 | Mining | Lead Investor: Triple Flag Mining Finance

• Scottie Resources: $12,000,000 | Mining | Lead Investor: Ocean Partners

• Arizona Sonoran Copper Company: $4,241,682 | Mining | Lead Investor: Hudbay

• Big Ridge Gold: $3,850,416 | Mining | Lead Investor: PowerOne Capital Markets Limited

• IonQ: $1,000,000,000 | Quantum | Lead Investor: Heights Capital Management

• COX Group: $115,000,000 | Sustainability | Lead Investor: Allianz Capital

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]