Core Viewpoint - Stack Capital Group Inc. is conducting a private placement offering to raise up to $25 million through a combination of a "best efforts" private placement and a concurrent non-brokered private placement [1][6] Group 1: Offering Details - The offering consists of up to 727,272 units priced at $13.75 per unit, aiming for gross proceeds of up to $10 million [1] - A concurrent non-brokered private placement will offer up to 1,090,909 units at the same price, targeting gross proceeds of up to $15 million [1] - Each unit includes one common share and one-quarter of a common share purchase warrant, with warrants exercisable at $17.00 per share for 24 months [2] Group 2: Regulatory and Compliance - The LIFE Offering is available to purchasers in all Canadian provinces except Québec, utilizing the listed issuer financing exemption [3] - Units sold under the concurrent private placement will also comply with applicable securities laws and will not have resale restrictions [5] - The offering is subject to necessary approvals, including from the Toronto Stock Exchange [7] Group 3: Use of Proceeds - Net proceeds from the offering will be allocated for investments aligned with the company's investment principles and for general corporate purposes [6] Group 4: Company Overview - Stack Capital Group Inc. is an investment holding company focused on investing in growth-to-late-stage private businesses, providing shareholders with exposure to a diversified private investment portfolio [11]
Stack Capital Group Inc. Announces Best Efforts Financing and Concurrent Private Placement for Up to $25,000,000
Globenewswire·2025-07-24 20:07