Acro appoints new director, closes private placement

Facebook
Twitter
LinkedIn
Reddit
Email

Acro Energy Technologies released that Steve Vella will be the company’s new director of business development. Vella will leave the post of COO to immediately start his new director position and focus his efforts, among others, on furthering the national expansion of Acro.

“Steve’s background and experience will be instrumental in our expansion efforts,” said Harry Fleming, chief executive officer of Acro Energy. “We believe we can leverage Steve’s talents as we evaluate current acquisition candidates and decide the order of future acquisitions to the Acro family of companies to create a national footprint.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

In fiscal news, the company announced that it received TSX Venture Exchange approval to close the non-brokered private placement. Acro raised gross proceeds of $436,792 from the sale of 2,361,038 units at CDN $0.185 per unit. One unit is equal to one share in the company and one share purchase warrant, wherein each warrant will enable the holder to purchase one additional share of the company at CDN $0.35 per share for two years following the closing of this private agreement.

Read Next

July 7, 2025
The board of REC Silicon is running out of time on a buyout offer by Korean conglomerate Hanwha previously dismissed as "lowball".
Premium
July 7, 2025
Collecting project performance data and managing cybersecurity concerns is no simple task for many project managers.
July 7, 2025
ReNew has received a non-binding final acquisition offer from a consortium at US$8 per share, which is 13.2% more than their earlier offer.
July 7, 2025
Chinese energy giant China Petroleum and Chemical Corporation, also known as Sinopec, has commenced operations at a 7.5MW offshore floating PV plant in China.
July 7, 2025
GameChange Solar has announced plans to supply trackers for the 1GW second phase of the Abydos project in Egypt.
July 7, 2025
Private equity firm Ardian has completed the acquisition of French independent power producer Akuo, a transaction unveiled in March 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK