IC Group Holdings Inc. Announces Amended Private Placement Terms and Updated Closing Timeline

Core Points - IC Group Holdings Inc. has amended the terms of its non-brokered private placement and expects to close the offering around December 12, 2025, pending TSX Venture Exchange approval [1][7] - The company plans to issue up to 8,000,000 units at a price of $0.50 per unit, aiming for gross proceeds of up to $4,000,000 [2][3] - Each unit consists of one common share and one-half of a common share purchase warrant, with the exercise price of the whole warrant reduced from $0.75 to $0.65 for a period of 30 months [2][3] Financial Details - The amended terms include a maximum offering size of $4,000,000 and a unit price of $0.50, which remain unchanged [3] - Eligible finders may receive a cash commission of 6% of the proceeds raised and finder warrants equal to 6% of the number of units sold, exercisable at $0.50 for 30 months [4] Use of Proceeds - The net proceeds from the offering will be used to support sales and marketing expansion, advance technology development in messaging and live engagement platforms, and for general working capital [5] Insider Participation - Certain insiders may participate in the offering, which will be exempt from formal valuation and minority approval requirements as the value does not exceed 25% of the company's market capitalization [6] Company Overview - IC Group Holdings Inc. focuses on transforming brand engagement through live events, social media, and digital platforms, managing technology and financial risks for Fortune 500 brands and over 90 professional sports teams [9]