mCloud Technologies Corp

mCloud Technologies Corp. creates a future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Its mCloud's AI-powered AssetCare platform offers complete asset management solutions to three distinct segments: smart buildings, wind energy, and oil and gas. The mCloud family includes an ecosystem of operating subsidiaries that delivers IoT, AI, 3D, and mobile capabilities to customers all integrated into AssetCare. The company was founded on December 21, 2010 and is headquartered in Vancouver, Canada.

McLeodUSA, Inc. provides telecommunications services. The firm provides integrated communications services, including local, long distance, data, and Internet service in 25 Midwest, Southwest, Northwest, and Rocky Mountain states in the US. The company was founded in 1992 and is headquartered in Cedar Rapids, IA.

SAN FRANCISCO , Sept. 26, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it would not meet the listing requirements of the Nasdaq Stock Market LLC ("Nasdaq").

mCloud to Delist from Nasdaq

Approval enables process to pursue a transaction structure involving the sale of certain mCloud and AssetCare assets resulting in the separation of mCloud's business in two standalone parts: one part to focus on AssetCare and a second to independently focus on NGRAIN-related business An asset sale under this transaction structure would include the divestment of assets, certain legal entities, and global strategic agreements associated with AssetCare-related business for embedded AI-powered sustainability applications, with cash proceeds being used for payment of current mCloud obligations Such an asset sale would also leave the wholly owned subsidiary NGRAIN and its highly regulated defense business with the current public company Transaction structure aimed at maximizing shareholder value and expediting the Company's Strategic Process SAN FRANCISCO , Aug. 21, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD) ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability and sustainability of energy-intensive assets today announced the Company's special committee, composed of independent members of mCloud's Board of Directors (the "Special Committee"), in consultation with financial advisor ATB Capital Markets Inc. ("ATB"), approved the process of pursuing the separation of the Company with the intention of maximizing value and facilitating progress on the Company's exploration of strategic alternatives, originally announced on March 29, 2023 (the Company's "Strategic Process"). This approval from the Special Committee enables the pursuit of a potential transaction involving the sale of mCloud's broader industrial and commercial business, including assets, certain legal entities, and global strategic agreements attributable to AssetCare for embedded AI-powered sustainability applications while keeping all business activities subject to military, defense, and aerospace regulations in mCloud under its wholly owned subsidiary, NGRAIN (Canada) Corporation ("NGRAIN").

mCloud Special Committee Approves New Corporate Structure to Maximize Value from Exploration of Strategic Alternatives

SAN FRANCISCO , May 31, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD) ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability and sustainability of energy-intensive assets today provided an update on the status of the filing of its annual financial statements, accompanying management's discussion and analysis, related CEO and CFO certifications and annual information form for the financial year ended December 31, 2022 (collectively, the "Annual Filings"). As previously announced, the Company was granted a Management Cease Trade Order by the British Columbia Securities Commission (the "BCSC"), which expired on May 30, 2023, Although the Company is continuing to work diligently and expeditiously to complete and file the Annual Filings as soon as possible, the Company anticipates that the BCSC will issue a failure to file cease trade order against the Company ("FTFCTO").

mCloud Provides Corporate Update

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SAN FRANCISCO , May 23, 2023 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSX-V: MCLD) ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets, today provided an update on the Company's exploration of currently active strategic alternatives. On March 29, 2023, mCloud announced it had formed a special committee comprising independent members of mCloud's Board of Directors (the "Special Committee") for the purposes of exploring strategic alternatives to maximize shareholder value, including retaining ATB Capital Markets Inc. ("ATB") and Maxim Group LLC ("Maxim") as financial advisors.

mCloud Provides Update from Special Committee Exploring Strategic Alternatives

SAN FRANCISCO , May 19, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a written notification on May 15, 2023 (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company's Market Value of Listed Securities ("MVLS") for the last 30 consecutive business days was below the required minimum of US$35 million for continued listing on Nasdaq under Nasdaq Listing Rule 5550(b)(2). The Notification Letter is only a notification of deficiency and has no immediate effect on the listing or trading of mCloud common shares.

mCloud Receives Nasdaq Notification Regarding Market Value of Listed Securities

SAN FRANCISCO , May 19, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a written notification on May 17, 2023 (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") indicating the Company is no longer in compliance with Listing Rule 5250(c)(1) since it has not yet filed its Form 20-F for the period ended December 31, 2022 (the "Filing"). In accordance with Listing Rule 5250(c)(1), the Company has 60 calendar days, or July 18, 2023, to submit to Nasdaq a plan to regain compliance.

mCloud Receives Nasdaq Notification Regarding Form 20-F Filing

SAN FRANCISCO , May 12, 2023 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD) ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability and sustainability of energy-intensive assets, is providing an update on the status of the filing of its annual financial statements, accompanying management's discussion and analysis, related CEO and CFO certifications and annual information form for the financial year ended December 31, 2022 (collectively, the "Annual Filings"). The Company is continuing to work diligently and expeditiously to complete and file the Annual Filings as soon as possible.

mCloud Provides Update on Filing of Financial Statements

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SAN FRANCISCO , April 3, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today, further to its release issued on March 29, 2023 in respect of its application to the British Columbia Securities Commission (the "BCSC") for a management cease trade order (the "MCTO"), that the BCSC has granted the MCTO, pursuant to which the Company will have until May 30, 2023 to file its annual financial statements, accompanying management's discussion and analysis, related CEO and CFO certifications and annual information form for the financial year ended December 31, 2022 (collectively, the "Annual Filings"). As a result of recent unexpected departures of key finance employees, the Company experienced delays in its ability to complete internal pre-audit procedures associated with the audit process.

mCloud Announces Grant of Management Cease Trade Order

SAN FRANCISCO , March 29, 2023 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD) ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets, today announced it has formed a special committee comprising independent members of mCloud's Board of Directors (the "Special Committee") that has retained ATB Capital Markets Inc. ("ATB") and Maxim Group LLC ("Maxim") as financial advisors for the purpose of exploring currently active strategic alternatives. ATB and Maxim will assist the Special Committee in evaluating potential private and public structure alternatives that are being explored to determine the most viable outcomes maximizing value for the Company's securityholders.

mCloud Creates Special Committee Retaining ATB Capital Markets Inc. and Maxim Group LLC as Financial Advisors to Explore Strategic Alternatives

SAN FRANCISCO , March 29, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had received a notice dated March 23, 2023 (the "Notice"), from The Nasdaq Stock Market LLC ("Nasdaq") stating the Company was not in compliance with Nasdaq Listing Rule 5550(a)(2) because the closing bid price for the Company's listed securities was below $1.00 per share for the last 30 consecutive business days. In accordance with Nasdaq listing rule 5810(c)(3)(A), the Company has 180 calendar days, or until September 19, 2023, to regain compliance.

mCloud Announces Receipt of Nasdaq Notification Letter Regarding Minimum Bid Price Deficiency

The industry leader in energy-intensive asset performance management joins forces with leading Formula One team for 2023 to showcase and apply new clean technologies addressing carbon emissions and energy waste on the path to Net Zero SAN FRANCISCO , Feb. 27, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it has become an Official Team Partner of the Mercedes-AMG PETRONAS Formula One Team (or the "Team"). The partnership builds on the existing implementation of mCloud's AssetCare® solution at the home of the Mercedes-AMG PETRONAS F1 Team in Brackley, UK.

mCloud Partners with Mercedes-AMG PETRONAS Formula One® Team to Accelerate Path to Net Zero

Next phase expands multi-year AssetCare agreement to connect and manage next wave of energy-intensive facilities and assets, creating and sustaining new efficiencies across iconic 650,000 square foot campus SAN FRANCISCO , Feb. 22, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it has commenced the next phase of its AssetCare implementation with Mercedes-Benz Grand Prix Limited ("Mercedes-Benz Grand Prix") at Brackley, UK – the home of the Mercedes-AMG PETRONAS Formula One Team. On July 13, 2022, mCloud announced it had signed an initial commercial AssetCare agreement to cloud connect the 650,000 square foot campus and drive new energy efficiencies, reductions in CO2e emissions, and improvements to indoor air quality.

mCloud and Mercedes-Benz Grand Prix Expand AssetCare® Sustainability Implementation at Brackley, Home of the Mercedes-AMG PETRONAS Formula One® Team

SAN FRANCISCO , Feb. 3, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today provided an update on its financing activities. On December 28, 2022, mCloud announced it had closed an initial US$10.5 million public offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants.

mCloud Provides Update on Financing Activities

Companies to showcase mCloud's AssetCare® Fugitive Emissions solution, harnessing the power of Google Cloud and Google Earth Engine to deliver a cloud solution capable of continuously mitigating emissions by combining voice-enabled, AI-assisted connected worker capabilities with the ability to visualize and act on methane at every level, from sky to flange SAN FRANCISCO , Feb. 1, 2023 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it will join Google Cloud alongside other Google Cloud partners as a sponsor at the Informa LEAP 2023 tech conference at the Riyadh Front Expo Centre in Saudi Arabia, 6-9 February 2023. LEAP 2023 brings together over 100,000 tech innovators and leading experts from around the world to showcase new technologies poised to enable a positive future.

mCloud Showcases Hyperscale Solution on Google Cloud to Eliminate Methane Emissions at LEAP 2023 in Saudi Arabia

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As December 2022 comes to a close, we observe six new preferred stock / exchange-traded-debt (ETD) offerings during the month, offering annual yields ranging from 6.75% to 11.875%. Here is a comparison against the highest quality preferred stocks in our coverage universe, as ranked by our internal “CDx3 Compliance Score” metric.

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CALGARY, AB , Dec. 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that the nominees listed in the Management Information Circular dated December 2, 2022, were elected as directors of mCloud, to hold office until the close of the next Annual General Meeting of the Corporation or until their successors are appointed. Shareholders also adopted all other resolutions submitted for their approval, including the appointment of KPMG LLP as the auditors of the Company to hold office until the close of the next Annual General Meeting of the Company and approval of the amended and restated equity incentive plan.

mCloud Announces Voting Results of Annual and Special Meeting

SAN FRANCISCO , Dec. 28, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced the initial closing of its public offering of up to $25,000,000 9.0% Series A Cumulative Perpetual Preferred Shares, with a liquidation preference of $25.00 per share (the "Series A Preferred Shares"), and up to 25,000,000 warrants to purchase one common share. mCloud received gross proceeds of $10.5 million, before deducting placement agent fees and other offering expenses, from the sale of 420,000 Series A Preferred Shares and 10,500,000 accompanying warrants at the initial closing.

mCloud Announces Initial $10.5 Million Closing of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

SAN FRANCISCO , Dec. 22, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD) ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced the commencement of its public offering of up to $25,000,000 9.0% Series A Cumulative Perpetual Preferred Shares, with a liquidation preference of $25.00 per share (the "Series A Preferred Shares"), and up to 25,000,000 warrants to purchase one common share. Each Series A Preferred Share is being sold together with 25 warrants at a combined price to the public of $25.00.

mCloud Announces Launch of Public Offering of 9.0% Series A Cumulative Perpetual Preferred Shares and Warrants

SAN FRANCISCO , Dec. 6, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it is preparing to close a first tranche of a non-brokered offering of common shares of the Company, originally announced on November 1, 2022 and upsized to US$18.0 million on November 10, 2022 (the "Offering"). The Company expects the gross proceeds of the first tranche to be approximately US$8.0 million, resulting in the issuance of approximately 7,017,544 common shares at a price per share of US$1.14.

mCloud Commences Closing of the First Tranche of Previously Announced Non-Brokered Common Share Offering

During Q3 2022, mCloud migrated AssetCare™ and integrated business operations including a highly targeted global go-to-market strategy with Google Cloud to maximize future growth and profitability A company rationalization took place in Q3 2022, including an orderly exit from the Company's low-margin Technical Project Services business and the retirement of contracts associated with low-value legacy connected assets and workers Google Cloud integration and these actions to drive greater than 25% improvements to the Company's cost structure as previously announced on November 1, 2022 As a result of this pivot, rationalization, and the AssetCare migration to Google Cloud, total Q3 2022 revenues were C$2.9 million compared to C$7.4 million for the same period in 2021 mCloud anticipates AssetCare recurring revenue growth to outpace rationalization losses in 2023 as mCloud fully ramps sales and technical activities with Google Cloud worldwide SAN FRANCISCO , Nov. 15, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced its financial results for the third quarter ended September 30, 2022 ("Q3 2022"). On October 27, 2022, mCloud announced it had entered a strategic partnership with Google Cloud to jointly co-market, co-sell, and deliver AssetCare solutions.

mCloud Announces Third Quarter 2022 Financial Results

Acclaimed Saudi entrepreneur, CEO, sustainability, and circular economy expert strategically aligned to Company's major customers, policy influencers, and partners in service of decarbonization targets in the Kingdom of Saudi Arabia SAN FRANCISCO , Nov. 14, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today is pleased to announce the appointment of Dina Alnahdy to mCloud's Board of Directors, effective today. Alnahdy is a sought-after Saudi executive, leader, and board member passionate about innovation, the environment, and sustainable business.

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