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Pharmacorp Rx Inc
Symbol PCRX
Shares Issued 174,081,659
Close 2026-07-07 C$ 0.495
Market Cap C$ 86,170,421
Recent Sedar+ Documents

Pharmacorp Rx arranges $10-million public offering

2026-07-07 18:25 ET - News Release

Mr. Alan Simpson reports

PHARMACORP ANNOUNCES C$10 MILLION BOUGHT DEAL PUBLIC OFFERING

Pharmacorp Rx Inc. has entered into an agreement with a syndicate of underwriters co-led by Acumen Capital Finance Partners Ltd. and Canaccord Genuity Corp., pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 19,608,000 units in the capital of the company at a price of 51 cents per unit for aggregate gross proceeds to the company of $10,000,080.

Each unit shall consist of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each whole warrant shall entitle the holder thereof to acquire one common share at an exercise price per common share of 60 cents for a period of 24 months from the closing date (as defined below).

The net proceeds of the offering shall be used to finance future acquisition opportunities and general working capital requirements.

The closing of the offering is expected to occur on or about July 14, 2026, and is subject to the completion of formal documentation and receipt of all regulatory approvals, including the approval of the TSX Venture Exchange.

The company has granted the underwriters an option, exercisable, in whole or in part, by Acumen, on behalf of the underwriters, giving notice to the company at any time and from time to time up to 30 days following the closing date, to purchase, or to find substituted purchasers for, up to an additional number of units equal to 15 per cent of the number of units sold pursuant to the offering at the offering price to cover overallotments, if any, and for market stabilization purposes.

The units to be issued under the offering will be offered by way of a prospectus supplement to the company's final short form base shelf prospectus dated Oct. 14, 2025, which will be filed with the securities commissions or securities regulatory authorities in each of the provinces of Canada, except Quebec. Delivery of the base shelf prospectus and the prospectus supplement and any amendments thereto will be satisfied in accordance with the access equals delivery provisions of applicable Canadian securities legislation. Copies of the prospectus supplement, following filing thereof, and the base shelf prospectus may be obtained on SEDAR+ and from Acumen at info@acumencapital.com. The prospectus supplement and the base shelf prospectus contain important detailed information about the company and the proposed offering. Prospective investors should read the prospectus supplement, the base shelf prospectus and the other documents the company has filed on SEDAR+ before making an investment decision.

About Pharmacorp Rx Inc.

Pharmacorp is a Canadian pharmacy acquisition and ownership platform focused on empowering pharmacists as equity partners and supporting succession for retiring pharmacy owners. Through a combination of capital, strategic support and operational expertise, Pharmacorp is building a national network of community pharmacies under the PharmaChoice Canada banner. Pharmacorp operates 14 PharmaChoice Canada bannered pharmacies and will continue to acquire both PharmaChoice Canada bannered and independent pharmacies across Canada, rebranding non-bannered locations under the PharmaChoice Canada platform in accordance with its partnership with PharmaChoice Canada. Pharmacorp shares trade on the TSX Venture Exchange under the symbol PCRX.

Pharmacorp welcomes confidential discussions with pharmacy owners considering succession or the sale of their businesses.

We seek Safe Harbor.

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