Carrier Connect Data Solutions Inc. Announces Closing of Over-Subscribed Private Placement

Core Viewpoint - Carrier Connect Data Solutions Inc. has successfully closed an upsized and over-subscribed non-brokered private placement, raising approximately $4.34 million through the issuance of 6,204,397 units at a price of $0.70 per unit [1] Group 1: Offering Details - The Offering consists of units, each comprising one common share and one-half of a transferable share purchase warrant, with each whole warrant allowing the purchase of an additional common share at $1.00 until November 10, 2027 [1] - The Company paid $218,724.68 and issued 312,464 non-transferable Broker Warrants to brokerage firms that assisted in the Offering, with the same exercise price and expiration date as the regular warrants [2] - All securities issued under the Offering are subject to resale restrictions until March 11, 2026, in accordance with applicable securities laws [2] Group 2: Use of Proceeds - Proceeds from the Offering are intended for mergers and acquisitions (M&A), working capital, and general corporate purposes [3] Group 3: Company Overview - Carrier Connect Data Solutions Inc. focuses on rolling up Tier II/III data centers internationally, specializing in co-location and data center solutions for AI companies, service providers, enterprises, and small businesses [5] - The Company operates as a carrier-neutral organization, with its principal markets located in Vancouver, Canada, and Perth, Australia, serving clients who utilize its facilities as primary or ancillary data centers [5]