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Zedcor Inc. Increases Previously Announced Bought Deal Public Offering to $30.5M
Globenewswire· 2026-02-11 14:30
Core Viewpoint - Zedcor Inc. has announced an increase in the size of its bought deal public offering of common shares due to strong demand, aiming to raise a total of $30,504,000 through the sale of 5,084,000 shares at a price of $6.00 per share [1][2]. Offering Details - The Underwriters have been granted an Over-Allotment Option to purchase up to an additional 15% of the Offered Shares for market stabilization purposes [2]. - The closing of the Offering is expected around February 27, 2026, pending necessary approvals, including from the TSX Venture Exchange [3]. Company Overview - Zedcor Inc. is innovating the physical security industry with its MobileyeZ security towers, providing mobile surveillance and live monitoring solutions to major clients across North America [5]. - The company operates over 2,800 MobileyeZ towers in Canada and the U.S., focusing on high service levels and data-driven efficiency [5]. - Zedcor is expanding its services in the U.S., with operational capacity in various states including Texas, Colorado, Arizona, Nevada, California, and Florida [5].
Zedcor Inc. (CVE:ZDC) Given Consensus Recommendation of “Buy” by Brokerages
Defense World· 2025-12-23 08:30
Group 1: Analyst Ratings and Price Targets - Zedcor has received multiple analyst ratings, with Ventum Financial setting a price target of C$8.70 and a "buy" rating [1] - Desjardins has a price objective of C$7.50 and also rates the stock as a "buy" [1] - Canaccord Genuity Group raised their target price from C$5.25 to C$7.00 [1] - National Bankshares increased their price objective from C$5.50 to C$7.50, giving an "outperform" rating [1] - The consensus recommendation for Zedcor from six brokerages is "Buy," with an average twelve-month price target of C$7.54 [6] Group 2: Stock Performance and Financial Metrics - Zedcor's shares opened at C$5.78, with a twelve-month low of C$2.56 and a high of C$7.00 [2] - The company has a market capitalization of C$610.15 million and a PE ratio of 289.00 [2] - Zedcor's fifty-day simple moving average is C$6.14, while the two-hundred-day simple moving average is C$4.94 [2] - The company has a quick ratio of 0.87, a current ratio of 1.14, and a debt-to-equity ratio of 78.93 [2] Group 3: Insider Transactions - Director Dean Sylvan Swanberg sold 1,000,000 shares at an average price of C$6.50, totaling C$6,500,000, reducing his position by 6.10% [3] - Director Dean Myles Shillington sold 2,000,000 shares at an average price of C$6.45, totaling C$12,900,000, resulting in a 72.86% decrease in his ownership [3] - Over the last three months, insiders sold 4,501,800 shares worth C$28,785,530, with corporate insiders owning 30.15% of the company's stock [3] Group 4: Company Overview - Zedcor Inc provides technology-based security and surveillance services in Canada, including rental, service, and remote monitoring of MobileyeZ security towers [4] - The company also offers mobile and fixed surveillance, security guards, access control, and sensor-related technology services [4] - Zedcor serves various sectors, including construction, mining, oil and gas, and commercial industries [4]