Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, July 8, 2022

Article Excerpt

COPPERLEAF TECHNOLOGIES INC., $6.71, symbol CPLF on Toronto, develops artificial intelligence-powered optimization software that helps clients who manage critical infrastructure, such as electricity generation or natural gas distribution, make investment decisions.  Its software manages more than $2.6 trillion in infrastructure assets worldwide. Companies use Copperleaf’s software to analyze, plan and budget how to spend capital budgets over multi-year periods in order to minimize business risks. Vancouver-based Copperleaf’s prominent customers include National Grid plc (symbol NGG on New York), Duke Energy Corp. (DUK on New York), and Enbridge Inc. (ENB on Toronto). Copperleaf reports that it has a customer retention rate of virtually 100%. That means almost every customer that has started using its software continues to use it today. On October 14, 2021, Copperleaf completed its IPO, selling shares at $15 each. Some of the company’s largest financial backers after the IPO’s closing include Export Development Canada (11% of shares), PenderFund Capital Management Ltd. (12%), and the venture capital arm of UK utility National…

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