Core Viewpoint - Tantalus Systems Holding Inc. has successfully closed a bought deal public offering, raising approximately C$23.0 million through the issuance of 4,299,275 Common Shares at a price of C$5.35 per share, which will strengthen the company's balance sheet and support its growth initiatives [1][3]. Group 1: Offering Details - The offering included the full exercise of an Over-Allotment Option, resulting in additional gross proceeds of approximately C$3.0 million from the sale of 560,775 Common Shares [1]. - The lead underwriter for the offering was ATB Cormark Capital Markets, with a syndicate that included TD Securities Inc., Beacon Securities Limited, Canaccord Genuity Corp., Paradigm Capital Inc., Raymond James Ltd., and Haywood Securities Inc. [1]. - The total gross proceeds from the offering were subject to a cash fee of 6.0% paid to the underwriters, reduced to 3.0% for certain identified purchasers [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated for various purposes, including sales and marketing, strategic growth initiatives, partial repayment of the term loan, capital expenditures, research and development, and general corporate expenses [2]. Group 3: Insider Participation - Certain insiders of the company participated in the offering, purchasing approximately 57,922 Common Shares, which was classified as a "related party transaction" but exempt from formal valuation and minority shareholder approval requirements [4]. Group 4: Company Overview - Tantalus is a technology company focused on modernizing utility distribution grids by leveraging data across devices and systems, offering a grid modernization platform that includes intelligent connected devices, communications networks, data management, and analytics [7]. - The company aims to provide utilities with the flexibility to maximize existing infrastructure investments while planning for future requirements, ultimately delivering Unified Intelligence to enhance grid modernization efforts [7]. Group 5: Share Information - Following the offering, Tantalus now has a total of 56,007,705 shares outstanding, with the Common Shares listed on the Toronto Stock Exchange [5].