Stack Capital Group Inc. Announces Best Efforts Financing for Up to $15,000,000
Globenewswire·2026-03-24 21:16

Core Viewpoint - Stack Capital Group Inc. is conducting a private placement to raise up to $15,000,000 through the issuance of units priced at $18.75 each, with the offering expected to close around March 31, 2026 [1][8]. Group 1: Offering Details - The private placement consists of two parts: the LIFE Offering of up to 466,666 units for gross proceeds of up to $8,750,000 and a Concurrent Private Placement of 333,334 units for gross proceeds of up to $6,250,000 [1]. - Each unit includes one common share and one-quarter of a common share purchase warrant, with each warrant exercisable at $23.00 for a period of 24 months [3]. - The net proceeds from the offering will be utilized for investments and general corporate purposes [8]. Group 2: Management Participation - Members of the company management plan to subscribe for at least $1,000,000 of units under the Concurrent Private Placement [2]. - Certain insiders are expected to participate in the offering, which will be treated as a related party transaction [10]. Group 3: Regulatory and Listing Information - The company has applied for the listing of the unit shares, warrants, and warrant shares on the Toronto Stock Exchange, although there is no guarantee that the distribution requirements will be met [4]. - The LIFE Offering is being made under the listed issuer financing exemption, allowing for the unit shares and warrants to be free from resale restrictions under applicable Canadian securities laws [5]. Group 4: Fees and Closing Conditions - A cash fee of 5.0% of the gross proceeds will be paid to the agents at closing, along with a corporate finance fee of $100,000 to the lead agent [9]. - The closing of the LIFE Offering is not contingent on the Concurrent Private Placement and vice versa [7].

Stack Capital Group Inc. Announces Best Efforts Financing for Up to $15,000,000 - Reportify