Greenscape Announces 40% Acquisition of CapTherm Systems
Greenscape Capital Group Inc. announced that it has entered into a letter of intent (LOI) to acquire a 40% interest in the issued and outstanding shares of CapTherm Systems Inc. for the sum of $1.9 million at a pre-money valuation of $2.85 million. Greenscape will also have the option to increase its shareholding to a maximum of 46% pursuant to the next scheduled CapTherm financing, expected to take place approximately 24 months after Greenscape’s initial acquisition of stock.
CapTherm has developed what it describes as a revolutionary technology applicable to the high-power electronics cooling industry. Applications of this technology can range from the IT sector (chip-level cooling of servers, workstations, desktops & mobile devices) to Electric Vehicles (thermal management of batteries, insulated gate bipolar transistors & cabinet climate control) to LED lighting to the Military/Space sectors (laser, radar & micro-gravity environments) to Medical Devices (eg. MRIs).