Newlight Technologies has filed a notice of an exempt offering of securities to raise $331,037,255.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Newlight Technologies is raising $331,037,255.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Markus Herrema played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Newlight Technologies
Newlight is a biotechnology company producing advanced sustainable materials. Newlight was founded in 2003 with a question: why cant we use greenhouse gas as a force for good? Over 10 years of research and development, Newlight developed a biotechnological process to harness microorganisms found in the ocean to convert greenhouse gas into a meltable energy material found in all living things: a naturally-occurring, biocompatible material that can be used to make fibers and solid parts, and help reduce the flow of carbon and synthetic plastic into the environment. Following commercialization in 2013, Aircarbon was named Biomaterial of the Year by the Nova Institute in 2013, one of the 100 most technologically significant innovations of the year by R&D Magazine in 2013, and Innovation of the Year by Popular Science in 2014, and received the prestigious EPA Presidential Green Chemistry Challenge award in 2016. Today, Newlight is focused on growth through both internal and licensed production to help fulfill the companys mission: to protect and improve life by accelerating the worlds transition to sustainable, regenerative materials.
To learn more about Newlight Technologies, visit http://www.newlight.com/
Contact:
Markus Herrema, Chief Executive Officer
888-269-0489
https://www.linkedin.com/in/mark-herrema-07681257/
SOURCE: http://www.intelligence360.io
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