US Capital Global Securities Advises on $50 Million Equity Financing for Market-Disruptive GreenTech Company, Hover Energy
Global private financial group for the middle market provides strategic financial advisory services and partial funding for innovative GreenTech company based in Dallas, Texas.
SAN FRANCISCO, MARCH 2024 – US Capital Global Securities LLC, an SEC-registered affiliate of US Capital Global, is pleased to announce that it has provided initial funding and customized advisory services for a $50 million equity offering for Hover Energy, LLC (“Hover” or the “Company”). With 32 patents filed in the United States and internationally, and 22 granted thus far, Hover aims to meet the most complex renewable energy needs for cities and island communities with its advanced climate technology, the Hover Wind-Powered Microgrid™.
With offices in San Francisco, Dallas, Miami, New York, London, Milan, and Dubai, US Capital Global is a full-service private financial group with an established track record in investment banking, asset management, and capital formation services. All securities are offered by the group through its FINRA-member, SEC-registered broker-dealer affiliate, US Capital Global Securities LLC.
“We take great satisfaction in providing customized financial guidance to Hover for a $50 million capital formation and in securing initial financing for the Company,” said Frank Villarreal, Managing Director and Partner at US Capital Global. “With its market-disruptive technology for achieving real zero-energy buildings, Hover is enabling clients to build onsite energy independence and energy security. This is a highly promising business that is transforming the way we look at energy production.”
About Hover Energy, LLC
Headquartered in Dallas, Texas, Hover Energy is dedicated to transforming the way people think about power by accelerating the transition to renewables as the primary source of energy. With its groundbreaking technologies and partnerships, Hover designs, develops, and deploys microgrids that harness the power of nature to generate power where it’s consumed. The Hover Wind-Powered Microgrid™ features a combination of proprietary wind power technology and solar energy generation, with a ground-breaking electronic control system for behind-the-meter power integration of multiple sources. To learn more, visit www.hoverenergy.com.
About US Capital Global
US Capital Global Securities LLC (“USCGS”) is the FINRA-member broker-dealer division of US Capital Global that acts as placement agent for growth-stage companies, projects, and investment funds. Since 1998, US Capital Global has been committed to providing lower middle market businesses and investors with sophisticated debt, equity, and investment opportunities usually available only to larger middle market companies and institutional investors, using the latest FinTech and RegTech innovation. US Capital Global entities manage direct investment funds and provide wealth management and capital raise services. USCGS or its affiliates may provide advice to, be compensated by, may have other business relationships with, or may from time to time acquire, hold, or sell a position in the securities of the issuers mentioned herein. Any such offer or solicitation shall be made only pursuant to the confidential private placement memorandum. View USCGS’ Form CRS at www.uscapglobalsecurities.com/crs.html. 04052024-HE-VG
To learn more about US Capital Global Securities and its services, email Charles Towle, CEO, at charles@uscapital.com or call +1 415-889-1010.
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