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Graham Richard Thomas Boyd, Senior Vice President of Exploration at Ivanhoe Electric Inc . (NYSE:IE), recently purchased 5,000 shares of the company’s common stock. The acquisition, valued at approximately $29,149, was executed at a price of $5.8299 per share on March 6, 2025. The purchase comes as the stock has fallen significantly over the past three months, with shares down 23% year-to-date. According to InvestingPro data, the company currently has a market capitalization of $766 million and maintains a healthy current ratio of 2.07. Following this transaction, Boyd’s direct ownership in the company increased to 11,510 shares.
In addition to the purchase, Boyd was awarded 33,442 restricted share units at no cost. These units are subject to vesting conditions beginning on March 6, 2026, contingent upon continued employment. This award brings Boyd’s total direct shareholding to 44,952 shares.
In other recent news, Ivanhoe Electric Inc. announced the completion of a public offering, raising approximately $66 million in net proceeds. This offering included 11,794,872 units, each priced at $5.85, with each unit comprising one share of common stock and a warrant to purchase an additional share. The warrants allow holders to purchase shares at an exercise price of $7.00 per share until February 2026. The company also disclosed plans for a separate $50 million public offering, intending to further bolster its financial position. Ivanhoe Electric’s Executive Chairman, Robert Friedland, participated in the recent offering, purchasing 816,667 units at the public offering price. Additionally, the company’s Board of Directors approved changes to its bylaws, reducing the stockholder vote requirement for bylaw amendments from a supermajority to a simple majority. These changes will take effect following stockholder approval at the annual meeting in 2025. Ivanhoe Electric’s recent developments, including the successful capital raise and proposed bylaw amendments, reflect its ongoing efforts to streamline governance and secure additional capital for growth initiatives.
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