The U.S.-based anode materials division of the battery technology company that was spun out of a Dalhousie University lab will receive a portion of the US$2.8-billion the U.S. energy department has earmarked for electric vehicle battery manufacturing. (The Logic)
More than 18,700 companies worth a combined US$60.8 trillion reported data on climate change, deforestation and water security in 2022, according to a new report from climate disclosure platform CDP. That’s 38 per cent more disclosures than a year earlier. (The Logic)
Michele Romanow and Andrew D’Souza contributed to the $23 million the company raised in the form of convertible debt, spokesperson Nick Rosen-Wachs confirmed. A securities filing dated Oct. 7 shows Clearco raised the money from two Barbados-based investors—Romanow and D’Souza—as well as one based in Quebec and six in the U.S. The email newsletter OPM Wire first reported on the filing. (The Logic, OPM Wire)
The bankrupt crypto lender is proposing a settlement with CEO Stephen Ehrlich and previous CFO Evan Psaropoulos that would see them pay US$1.3 million to US$2 million of personal assets, and up to US$20 million through directors and officers liability insurance, over their role in issuing a loan of about US$1 billion to collapsed crypto hedge fund Three Arrows Capital. (The Logic)
Lily Shaw, one of the investors at the Ontario public pension fund’s venture-capital arm, said she is seeing early signs of consolidation in health-care businesses. (The Logic)
At a morning session at the Toronto conference, panelists including Tyler Kirk from RBCx and Borrowell CFO Jeff Yim said while investors hoped deals would pick back up after a slow summer, it hasn’t happened. (The Logic)
It has entered into an agreement with Parsec Capital Acquisitions, a Delaware-based blank-check company, that would see it trade on the Nasdaq. (The Logic)
Food got sharply more expensive versus the previous year, Statistics Canada reported, with the 11.4 per cent increase in grocery costs the highest since August 1981. Bad growing weather, higher prices for fertilizer and natural gas, and global instability due to Russia’s invasion of Ukraine were all factors, the agency said. (The Logic)
This is the second investment in Bolster by Thomvest, a venture capital firm founded by Peter Thomson, a scion of Canada’s richest family. The California-based firm detects, monitors and removes fraudulent sites on the internet. (The Logic)
The funding came from U.S. private equity firm Five Elms Capital. It’s the first institutional funding for the Toronto-based talent development and mentoring startup, which had bootstrapped since launching in 2014. (The Logic)