Key Highlights

• In early March 2026, Sernova announced a financing package totalling about CA$7.1 million to shore up its balance sheet.
• The components included about CA$1.6 million of Equity in a private Placement at about CA$0.15 per unit, a CA$1.5 million convertible Debenture from an insider at 10% annual interest, and about CA$4 million of insider equity — the latter earmarked to retire an existing CA$4 million secured term Loan and subject to Shareholder approval.
• It has no revenue, Negative equity and a modest market capitalisation, and it has been raising capital in small tranches — including the roughly CA$7.1 million package in March 2026, part of which simply…