NU E Power appoints Meekison as CFO

Executive Summary

• NU E Power Corp. has closed the third and final tranche of its non-brokered private placement, raising an additional $102,060, bringing total gross proceeds to $1,805,496.
• The company appointed John Meekison as Chief Financial Officer, effective immediately, succeeding John Newman who has departed the company.
• Proceeds are designated to advance renewable and hybrid power projects, strengthen internal capabilities, and support expansion into AI and digital infrastructure markets.

Key Details

• Financing Structure:
  • Type: Non-brokered private placement (third and final tranche).
  • Units Issued: 850,500 units.
  • Price: $0.12 per unit.
  • Additional Gross Proceeds: $102,060.
  • Total Gross Proceeds: $1,805,496 (cumulative from previous tranches dated Dec. 8, 2025, Dec. 29, 2025, and Jan. 21, 2026).
  • Warrant Terms: Each unit includes one common share and one-half of one common share purchase warrant. Each warrant allows the purchase of one common share at $0.25 per share for a period of 24 months post-closing.
  • Use of Proceeds: Advancing renewable/hybrid power portfolio, strengthening internal capabilities, and supporting expansion aligned with AI and digital infrastructure demand.
• Management Changes:
  • Appointed: John Meekison, CPA, NACD.DC, as Chief Financial Officer.
  • Departed: John Newman (previous CFO).
  • Meekison’s Background: 35+ years of senior financial leadership; experience in clean tech/energy transition; previously served as CFO for companies scaling from ~12 to 200+ employees, executing an uplisting from CSE to TSX, and raising over $100M in growth capital. 15 years in investment banking (M&A and financing). Recognized as Arizona CFO of the Year in 2023.
• Strategic Context:
  • The appointment aims to strengthen institutional-grade financial reporting, controls, and governance.
  • Goals include supporting hybrid power, energy storage, and digital infrastructure initiatives.
  • Positioning for larger capital pools, broader investor participation, and potential future market structure upgrades (e.g., uplisting).

Notable Quotes

• "John's experience scaling public companies, navigating uplisting processes and managing complex capital structures is directly aligned with where NU E is headed," said Broderick Gunning, chief executive officer of NU E Power. "As we transition from early stage development into a more advanced, institutional phase of growth, John's leadership strengthens our ability to execute, communicate clearly with the market and build long-term shareholder value."