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Transalta Corporation Announces Conversion Results For Series C And D Preferred Shares

PUBLIC · TACJun 16, 2022

Round Type

Series C

CalgaryOtherEnergyOil And GasRenewable Energy

Description

Further to TransAlta Corporation's ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) press release dated May 31, 2022, the Company announced today that 1,044,299 of its 11,000,000 currently outstanding Cumulative Redeemable Rate Reset First Preferred Shares, Series C ("Series C Shares") were tendered for conversion, on a one-for-one basis, into Cumulative Redeemable Floating Rate First Preferred Shares, Series D ("Series D Shares") after having taken into account all election notices following the June 15, 2022 conversion deadline. As a result, on June 30, 2022, the Company will have 9,955,701 Series C Shares issued and outstanding and 1,044,299 Series D Shares issued and outstanding.

Quick answer

TransAlta raised an undisclosed amount in a Series C round, dated June 16, 2022. TransAlta is based in Calgary, Alberta, Canada.

How much did TransAlta raise?
TransAlta raised an undisclosed amount in a Series C round on June 16, 2022.
What does TransAlta do?
TransAlta Corp. is a Canadian power generator with a diverse portfolio of generation facilities across North America.
Where is TransAlta based and how big is it?
TransAlta is based in Calgary, Alberta, Canada. Fundz records about 1,200 employees.
Who are the decision-makers at TransAlta?
Fundz holds 1 contact at TransAlta, including the President and CEO. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Oil And Gas around the same time

Companies in the same sectors as TransAlta that raised within 45 days of this round, from Fundz verified event records.

  • Oxford Quantum Circuits raised $50M (Series A) on July 5, 2022.
  • Lydian raised $2M on May 24, 2022.
  • Enbridge raised an undisclosed amount (Series B) on May 19, 2022.
  • Carbon Neutral Royalty Ltd raised $8.1M on May 5, 2022.
  • Capstone Companies raised an undisclosed amount on July 28, 2022.
  • Obsidian Energy Ltd raised $2.5M (Seed) on July 27, 2022.

Who to call at TransAlta, and when

A new round usually means TransAlta is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

TransAlta

Location

Nw Everett Street

Calgary, Alberta, Canada

About

TransAlta Corp. is a Canadian power generator with a diverse portfolio of generation facilities across North America. The company is focused on clean electricity and has a strategic vision to grow its footprint in the U.S. energy market. It emphasizes operational excellence and sustainability in its corporate mission.

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Related People

1 contact
Verified contactsJohn K., President and CEO hiddenSee plans and pricing
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TransAlta raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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