DENOVIA INC.
(“Denovia” or the “Company”)
Raise of Up To USD$5,000,000
Denovia is raising up to USD$5M through the offering of Simple Agreement for Future Equity (“SAFE”) Notes. A SAFE Note is an investment contract under which investors give cash to a company today and, in return, receive the right to get company shares in the future.
Full details of the notes are outlined in the SAFE agreements.
If you have an interest in participating or would like more information,
please contact Marshall Farris at 604-837-4774 or marshall@ascentafinance.com.
Exchange: Private
Symbol: Private
Corporate Structure:
The Company currently has 32,729,037 common shares issued and outstanding. There are currently no convertible securities (options, warrant, etc.) issued.
Use of Proceeds:
Proceeds from the Offering will be used to launch the Company’s Tymac (Vancouver) facility.
Final engineering and design work
Facility build out (technology only since land is covered by the Company’s partnership with Tymac
Operational Capital
About Denovia Inc.:
Denovia has developed a gamechanging technology transforming plastic waste into its chemical building blocks in just minutes.
The Company’s proprietary chemical solution can break down polymer chains in plastics into their constituent monomers. This enables “end-of-use” plastic products to be valorized and upcycled into high-value products again.
The highly efficient process only takes minutes, yielding high-purity monomer outputs comparable to petrosourced alternatives. This cutting-edge and economically pragmatic process developed by our team of leading applied scientists and engineers offers a rare solution to this critical frontier.
Flagship commercial facility on the horizon
Denovia's next step is to build its first commercial facility at the Port of Vancouver, where its pilot facility is located.
Once operational, the facility would convert polyester waste into recycled TPA and MEG at a scale viable for use in industrial markets.
The supply and offtake relationships to support the facility are also taking shape.
The facility could provide a blueprint for future deployments and licensing opportunities.
Denovia in the News:
PLEASE NOTE THAT ASCENTA OR MEMEBERS OF THE FIRM
MAY PARTICIPATE IN THIS OFFERING.
The Company has agreed to pay Ascenta a finders fee of 7% cash.
The statements and statistics contained herein were obtained from sources believed to be reliable, but Ascenta cannot represent that they are accurate or complete.
THIS INVESTMENT IS RISKY AND YOU COULD LOSE YOUR ENTIRE INVESTMENT AMOUNT.
Consult with your investment advisor, legal or tax professionals before investing.