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Aecon Announces Filing of Final Short Form Prospectus in Connection with Offering of Common Shares
Aecon Announces Filing of Final Short Form Prospectus in Connection with Offering of Common Share...
About this update from Aecon Group Inc.
[{"type":"text","content":"\n\n\nAecon Announces Filing of Final Short Form Prospectus in Connection with Offering of Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nCanada NewsWire\n\n\nFinal Short Form Prospectus Accessible through SEDAR+/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, March 24, 2026 /CNW/ - Aecon Group Inc. (TSX: ARE) (\"Aecon\" or the \"Company\") is pleased to announce that in connection with the previously announced agreement to sell, on a bought deal basis, 3,822,000 common shares (the \"Shares\") from treasury to a syndicate of underwriters led by CIBC Capital Markets and TD Securities Inc. (the \"Underwriters\"), Aecon has filed a final short form prospectus dated March 24, 2026 (the \"Final Prospectus\") with the securities commissions or other similar regulatory authorities in all provinces of Canada and has obtained a receipt therefor.\nThe Final Prospectus qualifies the distributions of the Shares at a price of $39.25 per Share (the \"Offering Price\"), for gross proceeds to the Company of approximately $150,013,500 (the \"Offering\"). Aecon has also granted the Underwriters an over-allotment option to purchase up to an additional 573,300 Shares, on the same terms and conditions, exercisable in whole or in part up to 30 days after the closing of the Offering, for additional gross proceeds of up to approximately $22.5 million.Aecon intends to use the net proceeds from the Offering to repay amounts drawn under its revolving credit facility, and to the extent there are any excess net proceeds, for general corporate purposes.Access to the Final Prospectus and any amendment thereto is provided in accordance with securities legislation relating to procedures for providing access to a prospectus and any amendment. The Final Prospectus is accessible on the System for Electronic Data Analysis and Retrieval + (\"SEDAR+\") at www.sedarplus.com. An electronic or paper copy of the Final Prospectus and any amendment may be obtained, withou...