11 days ago
Yahoo Finance
(First Mode Photo)Seattle-based First Mode and Anglo American have closed a complicated $1.5 billion transaction that will remake First Mode as a clean-energy company for heavy industry — and shift its headquarters to London. Anglo American, a global mining company, is now First Mode’s majority shareholder. The change of status was reflected in a filing with the Securities and Exchange Commission, which reported a $1.184 billion equity offering sold to Anglo American. That’s in addition to a $200 million cash injection that Anglo American is providing, First Mode spokeswoman Colleen Rubart told GeekWire in an email. Going forward, First Mode will supply nuGen systems to Anglo American.
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