The Toronto Stock Exchange reports that Tidewater Midstream and Infrastructure Ltd. will list additional shares at the open on Aug. 16, 2022. As stated in its short form prospectus dated Aug. 9, 2022, the company will issue 48,392,000 units at $1.20 per unit in a public offering, with each unit consisting of one share and one-half warrant.

According to the TSX, the units will separate immediately upon the closing of the offering. Each whole warrant will entitle the holder to acquire one share of the company at $1.44 per share for 24 months following the closing of the offering. The TSX has issued a separate bulletin regarding the listing of the warrants.