Intellistake Technologies Corp. has announced a non-brokered private placement of units at a price of $0.87 per unit, aiming to raise up to $5 million. Each unit will include one class "A" share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $1.08 within 36 months. The company may issue up to 5,747,127 units, potentially increasing to 6,609,196 units if an over-allotment option is fully exercised. The completion of the offering is contingent on receiving disinterested shareholder approval. The securities will be subject to a hold period expiring four months and one day post-closing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Intellistake Technologies Corp. published the original content used to generate this news brief via CNW (Ref. ID: C9332) on August 18, 2025, and is solely responsible for the information contained therein.