Black Swan Graphene close equity swap with Nationwide Engineering
by CM staff
Between Black Swan and NERD, each company now owns approximately five per cent of the outstanding shares of the other.
Photo: Black Swan Graphene.
TORONTO — Black Swan Graphene Inc., and Nationwide Engineering Research and Development Ltd (NERD) announced the closing of the equity swap and entering into the supply agreement announced on March 27. This move creates a partnership in a fully integrated supply chain which will include Arup Group Limited, a multinational engineering consultancy headquartered in London, United Kingdom, with 18,000 workers across 140 countries.
Between Black Swan and NERD, each company now owns approximately five per cent of the outstanding shares of the other, and the supply agreement between the two companies under which NERD will be sourcing its graphene requirements from Black Swan.
With the creation of the partnership between Black Swan and NERD, Arup has entered into a partnership with NERD, pursuant to which it gained ownership of 4.2 per cent of the outstanding shares of NERD.
“These partnerships are poised to have far-reaching implications for the global concrete industry. By leveraging the exceptional performance of the NERD process and Arup’s expertise, reach and leadership, this integrated supply chain can provide a turnkey solution and revolutionize the concrete industry on a global scale,” said Simon Marcotte, CEO, Black Swan Graphene. “Considering that concrete is the second most utilized material on Earth, surpassed only by water, it is difficult to imagine a more exciting opportunity. I am very optimistic about the impact of this collaboration and its potential to catalyze sustainable and innovative practices in the industry.”
