Dotz Nano Limited is pleased to announce it has entered into a strategic funding agreement with Mercer Street Global Opportunity Fund, LLC (Mercer), a prominent US-based investment fund, to raise up to A$12 million via issuance of convertible notes. The infusion of funds will play a pivotal role in expediting the development and commercialization of DOTZearth, the company's cutting-edge carbon capture technology.
Dotz CEO, Sharon Malka, expressed enthusiasm about the collaboration, stating, "We are excited to partner with Mercer in this important phase of the Company’s evolution and delighted that an investment fund of its caliber has backed our technology and its potential." He added, "The placement provides the Company with the runway needed in the near-term so that it can execute on its growth opportunities and capitalize on the technology potential.”
Jonathan Juchno of Mercer affirmed their confidence in Dotz's innovative technologies, stating, “We have been following Dotz since late 2021 and are continually impressed by their innovative technologies. We are very pleased to be making this investment to support the development of DotzEarth carbon capture technology and its building of channels for future growth.”
This strategic funding agreement follows several milestones from Dotz in recent weeks, including joining the Global CCS Institute, the world’s largest CCS think tank; a strategic collaboration with SINTEF; a successful technology transfer from Rice University; a patent application submission for an optimized manufacturing and scale-up process for DOTZearth, and strengthening of the Board with the appointment of climate technology industry experts.
Dotz remains committed to advancing carbon capture technology and, with Mercer's support, is poised to make significant strides in the field. The team behind Dotz expresses gratitude to its investors and partners for their continued support.
Source: https://dotz.tech/