Vulcan Infrastructure & Power raises $39.3M PIPE and issues $10M convertible note
Vulcan Infrastructure & Power closed a multi-part PIPE financing totaling approximately $39.3 million, selling Class A common stock at $1.71 per share. The company also issued a $10 million senior secured convertible PIK note and three-year warrants.
71 a share. At the same time, the company issued a $10 million senior secured convertible PIK note and a three-year warrant.