07:00 AM EDT, 07/11/2024 (MT Newswires) -- Anaergia ( ANRGF ) , a renewable fuels company, late on Wednesday said Marny Investissement now has a stake of more than 60% in Anaergia ( ANRGF ) following a $40.8 investment through three tranches.

In the third and final tranche, Marny Holdco, a subsidiary of Marny Investissement, bought 36.8 million units for $14.7 million. Each unit consists of one subordinate voting share and 1/5 of one subordinate voting share purchase warrant.

Each warrant allows the holder to buy one additional subordinate voting share at an exercise price of $0.80 until Feb. 2, 2027. In total, 102 million units were issued to Marny Holdco under the strategic investment.

In connection with the closing of the third tranche, Marny nominee Ohad Epschtein became chairman of Anaergia ( ANRGF ), taking over for Andrew Benedek.

Benedek, who will continue to serve as a director of the company, now owns about 20% of the voting rights attached to the subordinate voting shares and 17% of the voting rights attached to the subordinate voting shares, assuming the exercise in full of the warrants.

Anaergia's ( ANRGF ) shares soared 24% in Canada yesterday to close at $0.31.