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TEMPE, Ariz.—Neeser Jordan, the Chief Financial Officer of Ivanhoe Electric Inc . (NYSE:IE), recently acquired shares of the company’s common stock in a series of transactions. The purchases come as the stock has fallen significantly, down nearly 23% year-to-date according to InvestingPro data. According to a Form 4 filing with the Securities and Exchange Commission, Jordan purchased a total of 10,000 shares over two days.
On March 6, Jordan acquired 7,500 shares at a price of $5.92 per share. The following day, on March 7, Jordan bought an additional 2,500 shares at $5.75 per share. These transactions bring the total value of the shares purchased to approximately $58,775.
Following these acquisitions, Jordan now directly owns 50,000 shares of Ivanhoe Electric. The transactions did not involve any equity swaps, and the shares were acquired directly.
In other recent news, Ivanhoe Electric Inc. announced the completion of a public offering, raising approximately $66 million in net proceeds. The offering included 11,794,872 units sold at $5.85 each, with each unit comprising one share of common stock and a warrant to purchase an additional share at $7.00 per share until February 14, 2026. This capital raise was facilitated by BMO Capital Markets Corp., which acted as the sole underwriter. Concurrently, the company disclosed plans for an additional $50 million public offering, aiming to strengthen its financial position. This forthcoming offering will also include units of common stock and warrants, as detailed in a preliminary prospectus supplement filed with the SEC. In another development, Ivanhoe Electric’s Board of Directors approved changes to its bylaws, reducing the stockholder vote required to amend the company’s bylaws from a supermajority to a simple majority, pending further approval. These recent developments reflect Ivanhoe Electric’s efforts to enhance its financial standing and governance structure.
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