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mCloud Announces Voting Results of Annual and Special Meeting

Retrieved on:

Friday, December 30, 2022

SIOS Technology Corp., AB, KPMG, McLoud, Corporation, KPMG LLP, Security (finance)

CALGARY, AB, Dec. 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that the nominees listed in the Management Information Circular dated December 2, 2022, were elected as directors of mCloud, to hold office until the close of the next Annual General Meeting of the Corporation or until their successors are appointed.

Key Points:

CALGARY, AB, Dec. 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that the nominees listed in the Management Information Circular dated December 2, 2022, were elected as directors of mCloud, to hold office until the close of the next Annual General Meeting of the Corporation or until their successors are appointed.
Shareholders also adopted all other resolutions submitted for their approval, including the appointment of KPMG LLP as the auditors of the Company to hold office until the close of the next Annual General Meeting of the Company and approval of the amended and restated equity incentive plan.
The complete voting results for each item of business are as follows:

mCloud Announces Initial $10.5 Million Closing of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

Retrieved on:

Wednesday, December 28, 2022

mCloud received gross proceeds of $10.5 million, before deducting placement agent fees and other offering expenses, from the sale of 420,000 Series A Preferred Shares and 10,500,000 accompanying warrants at the initial closing.

Key Points:

mCloud received gross proceeds of $10.5 million, before deducting placement agent fees and other offering expenses, from the sale of 420,000 Series A Preferred Shares and 10,500,000 accompanying warrants at the initial closing.
Each Series A Preferred Share is being sold together with 25 warrants at a combined price to the public of $25.00.
Each Series A Preferred Share is convertible following the issuance date into 25 common shares.
The Series A Preferred Shares and warrants can only be purchased together in this offering but the Series A Preferred Shares and warrants are immediately separable and will be issued separately.

mCloud Announces Launch of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

Retrieved on:

Friday, December 23, 2022

Security (finance), Wind, Person, SEDAR, EDGAR, SAN, AI, Suite, TSX, McLoud, Telephone, Nature, TSX Venture Exchange, Prospectus, Multimedia, Form, Legislation, Sale, CAD, Digital

Each Series A Preferred Share is being sold together with 25 warrants at a combined price to the public of $25.00.

Key Points:

Each Series A Preferred Share is being sold together with 25 warrants at a combined price to the public of $25.00.
Each Series A Preferred Share is convertible following the issuance date into 25 common shares.
The Series A Preferred Shares and warrants can only be purchased together in this offering but the Series A Preferred Shares and warrants are immediately separable and will be issued separately.
The Series A Preferred Shares are expected to be approved for listing on The Nasdaq Capital Market under the symbol "MCLDP".

mCloud Adds Global Sustainability and Saudi Vision 2030 Leader Dina Alnahdy to Board of Directors

Retrieved on:

Monday, November 14, 2022

Alnahdy is a sought-after Saudi executive, leader, and board member passionate about innovation, the environment, and sustainable business.

Key Points:

Alnahdy is a sought-after Saudi executive, leader, and board member passionate about innovation, the environment, and sustainable business.
Currently, Alnahdy is Founding Board Member and CEO of ENTEC Environmental Technology, a national consulting and environmental service company based in Jeddah.
Alnahdy serves as a Board Member at the Jeddah Chamber of Commerce and Industry with appointments to the Chamber's Executive Committee and Industrial Sectorial Council.
Alnahdy also remarked on joining mCloud's Board of Directors:
"I look forward to working closely with Russ, the mCloud leadership team, and the Company's Board of Directors.

mCloud Announces Upsize of Common Share Offering to $18 Million with Strategic Investors

Retrieved on:

Thursday, November 10, 2022

The Company expects to use the net proceeds of the Offering to accelerate the deployment of the Company's sustainability and decarbonization capabilities on Google Cloud.

Key Points:

The Company expects to use the net proceeds of the Offering to accelerate the deployment of the Company's sustainability and decarbonization capabilities on Google Cloud.
"I am pleased by the strong interest we are seeing in this Offering.
It is a testament to the strength of our strategic alignment with Saudi Vision 2030 and key customers such as Aramco.
The securities issued under the Offering will be subject to a four-month hold period in accordance with applicable securities legislation.

mCloud Announces Third Quarter 2022 Financial Results Conference Call

Retrieved on:

Tuesday, November 8, 2022

TSX, Software, EST, Webcast, McLoud, SAN, Telephone, TSX Venture Exchange, Nasdaq, Solution, AI, Wind, Multimedia, Renewable energy

SAN FRANCISCO, Nov. 8, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that it will it host a conference call to discuss the financial results for the third quarter of 2022 at 10:00 a.m. EST, November 15, 2022.

Key Points:

SAN FRANCISCO, Nov. 8, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that it will it host a conference call to discuss the financial results for the third quarter of 2022 at 10:00 a.m. EST, November 15, 2022.
To access the conference call by telephone, dial 416-764-8659 or 1-888-664-6392 with the confirmation number 91194988.
The conference call will be archived for replay by telephone until November 22, 2022, at midnight (ET).
To access the archived conference call, dial 1-888-390-0541 and enter the reservation number 301153.

mCloud at IQPC Operational Excellence in Oil and Gas Summit Showcasing Emissions Management

Retrieved on:

Wednesday, November 2, 2022

Cloud, Google Earth, Partnership, Conference, Nasdaq, McLoud, AI, View, TSX Venture Exchange, TSX, NASDAQ, Google Cloud, Wind, Multimedia, SAN, Solution, Renewable energy, Google

Higgins and the mCloud Digital Oilfield team are showcasing mCloud's AssetCare Emissions Management solution at the summit this week, including mCloud's most recent advancements in detecting, localizing, and tracking emissions at the equipment level integrated with Google Earth Engine.

Key Points:

Higgins and the mCloud Digital Oilfield team are showcasing mCloud's AssetCare Emissions Management solution at the summit this week, including mCloud's most recent advancements in detecting, localizing, and tracking emissions at the equipment level integrated with Google Earth Engine.
mCloud announced on October 27, 2022 it had entered a partnership with Google Cloud to launch new sustainability applications integrating a host of Google technologies.
Conference attendees are invited to visit the mCloud booth at the event.
mCloud has a worldwide presence with offices in North America, Europe, the Middle East, and Asia-Pacific.

mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities

Retrieved on:

Tuesday, November 1, 2022

SAN FRANCISCO, Nov. 1, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a written notification on October 26, 2022 (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company's Market Value of Listed Securities ("MVLS") for the last 30 consecutive business days was below the required minimum of US$35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2).

Key Points:

SAN FRANCISCO, Nov. 1, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a written notification on October 26, 2022 (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company's Market Value of Listed Securities ("MVLS") for the last 30 consecutive business days was below the required minimum of US$35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2).
The Notification Letter is only a notification of deficiency and has no immediate effect on the listing or trading of mCloud common shares.
The Company's common shares are also listed on the TSX Venture Exchange (the "TSXV") and the Notification Letter does not affect the Company's compliance status with such listing.
mCloud's business operations are not affected by the receipt of the Notification Letter and the Company fully intends to regain compliance with Nasdaq listing rules.

mCloud Integrates with Google Cloud to Accelerate Revenue Growth and Maximize Cost Efficiency

Retrieved on:

Tuesday, November 1, 2022

Account-based sales with Google Cloud: mCloud has already taken action to collaborate and coordinate with Google Cloud to define and kick-off joint sales with key accounts globally.

Key Points:

Account-based sales with Google Cloud: mCloud has already taken action to collaborate and coordinate with Google Cloud to define and kick-off joint sales with key accounts globally.
These customers are now among the key accounts being jointly targeted by mCloud and Google Cloud.
Growth from sales jointly with Google Cloud is expected to rapidly make up and exceed the minor recurring value of these connections.
Migration and integration of AssetCare technologies with Google Cloud: Technology development activities to move AssetCare to Google Cloud are already underway.

mCloud Announces Proposed Unsecured Loan from Strategic Investors

Retrieved on:

Wednesday, October 26, 2022

The Loan will bear interest of 15% per annum and the maturity date of the Loan will be the date that is 8 months following the date that the Lenders provide the Loan to the Company.

Key Points:

The Loan will bear interest of 15% per annum and the maturity date of the Loan will be the date that is 8 months following the date that the Lenders provide the Loan to the Company.
Any securities issued in connection with the Loan will be subject to a statutory four month hold period.
The proceeds of the Loan will be used to support the Company's ongoing growth initiatives and for general working capital purposes.
Through mCloud's AI-powered AssetCare platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers.