SmartD Technologies Secures $15M CAD Financing Round [Yahoo! Finance]
Adeia Inc. (ADEA)
Company Research
Source: Yahoo! Finance
SmartD Technologies Financing Round 2026 MONTREAL, April 02, 2026 (GLOBE NEWSWIRE) -- SmartD Technologies, a pioneer in Silicon Carbide (SiC)-based variable frequency drives, today announced the successful closing of its latest financing round totaling $15 million CAD. This round was co-led by existing strategic investor Hammond Power Solutions (HPS) and new institutional shareholder Desjardins Capital. All existing shareholders — including Hammond Power Solutions, Investissement Québec, Boreal, and SE Ventures — participated in the round, a clear signal of deep renewed confidence in SmartD's trajectory. The successful round provides the capital necessary to accelerate the company's roadmap and meet growing demand from industrial operators seeking simpler, more efficient, and more reliable motor-drive systems. Following a year of strong commercial momentum and growing adoption across sectors such as water infrastructure and data centers, SmartD is entering a new phase of growth
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ADEA
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ADEA
Earnings
- 2/23/26 - Beat
ADEA
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- 3/9/26 - Form 8-K
- 3/3/26 - Form 4
- 3/3/26 - Form 4
- ADEA's page on the SEC website