Hephae Energy Technology has filed a notice of an exempt offering of securities to raise $17,800,495.00 in New Funding.
According to filings with the U.S. Securities and Exchange Commission, Hephae Energy Technology is raising up to $17,800,495.00 in new funding. The federal securities law requires the notice to be filed by companies that have sold securities without registration under the Securities Act of 1933 in an offering made under Rule 504 or 506 of Regulation D or Section 4(a)(5) of the Securities Act. A company must file this notice within 15 days after the first sale of securities in the offering. For this purpose, the date of first sale is the date on which the first investor is irrevocably contractually committed to invest. Each issuer of securities that sells its securities in reliance on an exemption provided in Regulation D or Section 4(a)(5) of the Securities Act of 1933 must file this notice containing the information requested with the U.S. Securities and Exchange Commission (SEC) and with the state(s) requiring it. If more than one issuer has sold its securities in the same transaction, all issuers should be identified in this filing with the SEC.
About Hephae Energy Technology
Hephae Energy Technology is a geothermal technology company that focuses on enabling next-generation geothermal energy through advanced downhole electronics and sensor systems designed for ultra-high temperature, harsh subsurface environments. Based in Houston, Texas with additional teams in Spain and the UK, the company draws on more than 100 years of collective experience developing and operating technologies in some of the toughest drilling conditions worldwide. Hephae was founded to push the temperature limits of electronics and sensor technologies so that geothermal energy can be economically exploited in hot, dry rocks, and its first major initiative is an innovative integrated drilling system intended to make geothermal a primary source of clean power anywhere on the planet. The firm positions itself as a leader in a new generation of downhole electronics and sensors combined with proven cooling strategies, leveraging Houstons established ecosystem for high-quality, high-reliability electronics manufacturing to build its tools. Inspired by Hephaestus, the Greek god of fire and volcanoes, the companys mission is to harness the earths heat for power and to redefine how the world taps into deep geothermal energy as a renewable baseload energy source for everyone, everywhere.
To learn more, visit https://www.hephaeet.com/
LinkedIn: https://www.linkedin.com/company/hephae-energy-technology
Contact:
Steve Krase, Chief Executive Officer
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