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AF3 Capital Corp. Announces Closing of Initial Public Offering
AF3 Capital Corp. Announces Closing of Initial Public Offering Canada NewsWire /TH...
About this update from Af3 Capital Corp.
[{"type":"text","content":"\n\n\nAF3 Capital Corp. Announces Closing of Initial Public Offering\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\n\n\n\n\n\nCanada NewsWire\n\n\n/THIS PRESS RELEASE IS NOT FOR PUBLICATION OR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW./These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state, and may not be offered or sold in the United States unless an exemption from registration is available. This press release does not constitute an offer to sell or the solicitation of any offer to buy these securities in the United States.TORONTO, May 20, 2026 /CNW/ - AF3 Capital Corp. (\"AF3\" or the \"Company\") (TSX VENTURE: AFC.P) is pleased to announce that on May 20, 2026, it has successfully completed its initial public offering (\"Offering\"), raising gross proceeds of $300,000 pursuant to an amended and restated final prospectus dated May 12, 2026. An aggregate of 3,000,000 common shares in the capital of the Company (the \"Shares\") were subscribed for at a price of $0.10 per Share.\nHaywood Securities Inc. (the \"Agent\") acted as agent for the Offering.  The Agent received a cash commission equal to 10% of the gross proceeds of the Offering, a corporate finance fee and 300,000 non-transferable compensation warrants (the \"Agent's Options\"), with each Agent's Option exercisable to acquire one Share at a price of $0.10 per Share for a period of 60 months following the closing date of the Offering.The Company is a \"capital pool company\" and intends to use the net proceeds of the Offering to identify and evaluate assets or businesses for acquisition with a view to completing a \"Qualifying Transaction\" under the policies of the Exchange. On May 15, 2026, the Exchange issued a bulletin announcing the listing of the Shares as of market close on May 19, 2026. The Shares will begin trading under the trading symbol \"AFC.P\" on May 20, 2026.Upon closing of the Offering, AF3 granted an aggregate...