Financing type: underwritten prospectus offering
Gross proceeds: $29.9-million
Offering: 11.5 million listed shares with 11.5 million warrants
Offering price: $2.60 per listed share
Warrant exercise terms: one-half of one six-month Class A common share purchase warrant (each whole six-month common share purchase warrant, a Series A warrant) and one-half of one 24-month Class A common share purchase warrant (each whole 24-month common share purchase warrant, a Series B warrant) (Each Series A warrant entitles the holder thereof to acquire one common share at an exercise price of $3.25 per Class A common share until May 18, 2026, and each Series B warrant entitles the holder thereof to acquire one Class A common share at an exercise price of $3.90 per Class A common share until Nov. 18, 2027.
Disclosure: Refer to the prospectus dated Nov. 12, 2025, and company's news releases dated Nov. 10, 2025, and Nov. 18, 2025.
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