News-eligibility cutoff: 6:35 a.m. Toronto, September 30.
Good morning. Three developments, with an eye on the terms.
Hypercharge’s price has stages
B.C.’s Hypercharge announced a signed deal on September 29 to buy Texas-based REVS Charging. The maximum enterprise value is US$4.75 million, with closing adjustments still to come.
The proposed mix: US$3 million in shares and US$500,000 cash at closing, then up to US$1.25 million in shares across three annual instalments linked to gross-profit milestones. Closing is expected October 1, conditional on customary requirements and TSX Venture Exchange approval.
That headline spans closing payments and later performance. It isn’t a cheque for the maximum amount.
Hypercharge’s acquisition announcement
CPP Investments backs Indian hospitality
Toronto-based CPP Investments announced an INR 30 billion investment—C$441 million in its release—for about 27% of Prestige Hospitality Ventures, Prestige Group’s Indian hospitality platform. The September 29 announcement describes a stake it will acquire; completion isn’t established.
Most of the money is earmarked for expansion. This is a minority investment, not a whole-company purchase, and C$441 million is the investment amount—not the platform’s valuation.
CANEX closes its financing
CANEX Metals reported the closing of its previously announced private placement in a September 29 release. The Canadian explorer raised C$9,545,870: C$7,994,450 through common shares and C$1,551,420 through charity flow-through shares.
Planned uses include exploration and pre-development, the Louise project in B.C., remaining Gold Basin acquisition obligations and working capital. Two share types, several destinations for the money: the total is financing proceeds, not an acquisition price.
CANEX’s financing-close release
For information and education, not advice for a specific transaction or a prediction of value.
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