Intermap Technologies Closes Bought Deal Public Offering for Gross Proceeds of $28,752,300, Including the Full Exercise of the Over-Allotment Option

Core Viewpoint - Intermap Technologies Corporation successfully closed a public offering of 9,584,100 Class A common shares at a price of $3.00 per share, raising gross proceeds of $28,752,300, which reflects strong demand and over-subscription from long-term, growth-oriented institutions [1][3]. Group 1: Offering Details - The offering was underwritten by a syndicate led by Stifel Nicolaus Canada Inc., including Canaccord Genuity Corp. and Beacon Securities Limited [2]. - The net proceeds from the offering will be used for working capital and general corporate purposes, pending final approval from the Toronto Stock Exchange [2]. - The company paid the underwriters a cash commission of $1,725,138 and issued 575,046 compensation warrants, allowing the purchase of common shares at USD$2.1758 until September 29, 2027 [4]. Group 2: Company Background - Intermap Technologies, founded in 1997 and headquartered in Denver, Colorado, is a leader in geospatial intelligence solutions, specializing in 3D terrain data and high-resolution thematic models [8]. - The company utilizes patented sensors and processing technology to provide diverse datasets, enabling seamless integration of geospatial intelligence into customer workflows [8]. - Applications of Intermap's products include defense, aviation, insurance, disaster mitigation, environmental planning, and telecommunications, among others [8].