Carrier Connect Data Solutions Inc. Announces Closing of $10.5 Million Private Placement of Units

Core Viewpoint - Carrier Connect Data Solutions Inc. has successfully closed a brokered private placement, raising gross proceeds of $10,500,000 through the sale of 6,562,500 units at a price of $1.60 per unit, indicating strong investor confidence in the company's business model and growth plans for 2026 [1][6]. Group 1: Offering Details - The offering consisted of units, each comprising one common share and one-half of a common share purchase warrant, with each warrant allowing the holder to acquire one common share at an exercise price of $2.10 until February 26, 2028 [2]. - The units were issued under specific Canadian securities regulations, allowing for a private placement without a statutory hold period, pending final approval from the TSX Venture Exchange [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards acquisitions, debt repayment, capital improvements, data center expansions, marketing, staffing, and general corporate purposes [4]. Group 3: Compensation to Agents - The company compensated the agents involved in the offering with a cash commission of $625,500 and issued 390,937 agents' warrants, each allowing the purchase of one common share at $1.60 until February 26, 2028, subject to a statutory hold period [5]. Group 4: Company Overview - Carrier Connect Data Solutions aims to consolidate Tier II/III data centers globally, focusing on co-location and data center solutions for AI companies, service providers, enterprises, and small businesses [6]. - The company operates in principal markets including Vancouver and Ottawa in Canada, and Perth in Australia, serving clients who utilize its facilities as primary or ancillary data centers [6].