Galileo Technologies
Description
Secured a major cornerstone investment from Helmerich & Payne in the form of a convertible note that bears interest of 5% per annum and is due April 2027. If exercised, the note would convert into common shares of Galileo at an enterprise value of $1.35 billion. Proceeds will be used to roll out Galileo’s technology to capture natural gas from any source and convert it into LNG on site in North America.