Welcome to our dedicated page for MCLD news (Ticker: MCLD), a resource for investors and traders seeking the latest updates and insights on MCLD stock.
mCloud Technologies Corp. (MCLD) delivers cloud-powered solutions to optimize energy performance and sustainability for industrial assets worldwide. This page provides comprehensive access to official company announcements, strategic updates, and technology developments.
Investors and industry professionals will find timely updates on mCloud's AssetCare® platform innovations, corporate restructuring efforts, and financial initiatives. Key areas of coverage include strategic business separations, technology partnerships, and progress toward maximizing shareholder value through asset optimization.
Our curated news collection features press releases regarding mCloud's dual focus: advancing its core industrial/commercial solutions through AI-driven analytics while maintaining NGRAIN's specialized defense applications. Stay informed about critical developments including potential asset sales, recapitalization progress, and sustainability initiatives across global energy sectors.
Bookmark this page for direct access to verified MCLD updates. Check regularly for new announcements regarding operational milestones, leadership decisions, and market expansion efforts that shape the company's trajectory in cloud-enabled asset management.
mCloud Technologies Corp. (Nasdaq: MCLD) announced a partnership with the Mercedes-EQ Formula E Team to utilize its AssetCare solutions, targeting emission reduction and improved indoor air quality. This collaboration coincides with the opening of Season 8 of the ABB FIA Formula E World Championship in Saudi Arabia on January 28-29. mCloud aims to enhance its ESG performance while showcasing the benefits of its AI-powered technologies. Recently, mCloud ranked 57th on Deloitte's Technology Fast 500™ list and uplisted to Nasdaq, marking significant growth.
On December 30, 2021, mCloud Technologies Corp. (Nasdaq: MCLD, TSXV: MCLD) announced the election of its board of directors during its Annual General Meeting. All nominees were approved, with voting percentages ranging from 96.53% to 98.85%. Shareholders also appointed KPMG LLP as auditors and re-approved the Company's Equity Incentive Plan, receiving 99.49% and 97.30% approval, respectively. mCloud specializes in AI-powered asset management solutions and has over 63,000 connected assets globally.
mCloud Technologies Corp. (Nasdaq: MCLD) announced a significant partnership with Virtual Vision (V2) to host its AssetCare solutions in Saudi Arabia. This agreement, signed on December 14, 2021, enables mCloud to onboard new Saudi customers while ensuring compliance with local legal requirements by geo-locating data within the Kingdom. Following a license approval from the Ministry of Investment of Saudi Arabia, mCloud is positioned to expand its AssetCare offerings in support of the country's Vision 2030. The collaboration aims to enhance operational performance for Saudi enterprises.
mCloud Technologies Corp. (Nasdaq: MCLD) has successfully closed an underwritten public offering, raising an aggregate of US$10,917,500 after an over-allotment option of 315,000 shares was exercised. The funds will support growth in Saudi Arabia and the Middle East, enhance ESG optimization, and general corporate purposes. Additionally, mCloud will provide updates on its AssetCare Fugitive Gas solution during a webinar on December 7, 2021, which aims to validate emissions solutions in collaboration with the Natural Gas Innovation Fund.
mCloud Technologies Corp. has announced a three-year agreement with Colliers Macaulay Nicolls Inc. to implement its AssetCare solution for HVAC and indoor air quality at Life Plaza in Calgary. This deployment marks mCloud's largest indoor air quality initiative, covering 18 floors and 235,000 square feet, set to renew in November 2025. The AI-driven solution improves air quality and energy efficiency by up to 25%, enhancing tenant safety and comfort. The integration also aligns with ESG goals by optimizing maintenance costs and delivering clean air standards.
mCloud Technologies Corp. has successfully closed its underwritten public offering of 2,100,000 units at $4.50 each, raising approximately USD$9.5 million. Each unit includes one common share and one warrant priced at USD$4.75. The offering supports growth initiatives in Saudi Arabia and the Middle East, ESG application acceleration, and general corporate needs. The common shares commenced trading on Nasdaq under the symbol MCLD on November 24, 2021, following a reverse stock split.
mCloud Technologies Corp. (Nasdaq: MCLD) reported Q3 2021 revenues of C$7.3 million, an increase from C$6.1 million in Q3 2020, driven by an 85% rise in AssetCare Over Time recurring revenues. For the first nine months of 2021, revenues totaled C$22.9 million, up 29% from C$17.7 million in 2020. The company added 945 connected assets, reaching a total of 63,453. Significant growth is anticipated following the company's Nasdaq listing and a US$9.5 million public offering. The expansion into Saudi Arabia marks a strategic opportunity for future growth.
mCloud Technologies Corp. (TSXV: MCLD, Nasdaq: MCLD) will report its third quarter 2021 earnings on November 29, 2021, before market opening. A conference call will follow at 10:00 a.m. ET, featuring CEO Russ McMeekin and CFO Chantal Schutz. Participants can join via telephone or listen to a live audio webcast. The conference call will also be archived for replay until December 6, 2021. mCloud aims to optimize energy asset management through its AI-powered AssetCare™ platform, serving over 100 blue-chip clients globally.
mCloud Technologies Corp. (MCLD) announced an amendment to its credit facility with ATB Financial, increasing its available loan by an additional C$5,000,000. This facility allows mCloud to settle all debts with another financial institution and fund general corporate needs. In exchange for the additional funds, mCloud will issue non-transferable warrants for up to 183,486 common shares at an exercise price of C$5.45. The move aims to enhance mCloud's financial stability and operations.
