On August 26, 2022, Eguana Technologies Inc. (TSXV: EGT) (OTCQB: EGTYF) secured a strategic investment from ITOCHU Corporation for C$33 million through an unsecured convertible debenture, which could be converted into the Company's common shares at C$0.50 per share. This investment aimed to strengthen the longstanding relationship between the two entities and provided Eguana with immediate access to working capital for global business growth. CEO Justin Holland stated that this significant growth capital would accelerate inventory investments and hasten the development of Eguana Cloud and battery management systems. The funding would be channeled towards the Company's working capital and general corporate expenses, with an expected close date around August 31, 2022. Additionally, Eguana was set to finalize its second tranche draw of US$5 million with lending partner Western Technology Investment (WTI) around the same time. The lenders waived the financial milestones of the loan agreement. Holland highlighted that the increased capital would bolster their inventory position in North America. Legal advisories included Fort Capital Partners as the financial advisor, Minden Gross LLP as legal counsel to Eguana, and Blake, Cassels & Graydon LLP acting for ITOCHU. The Debenture, with a 7% interest rate, was due three years post-closing and provided ITOCHU with conversion rights under specific financial conditions.