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BAYLIN TECHNOLOGIES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OF $10.3 MILLION OF SUBSCRIPTION RECEIPTS
BAYLIN TECHNOLOGIES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OF $10.3 MILLION OF SUBSCRIPTION RE...
About this update from Baylin Technologies, Inc.
[{"type":"text","content":"\n\n\nBAYLIN TECHNOLOGIES ANNOUNCES COMPLETION OF PRIVATE PLACEMENT OF $10.3 MILLION OF SUBSCRIPTION RECEIPTS\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\nCanada NewsWire\n\n\nTORONTO, Dec. 18, 2025 /CNW/ - Baylin Technologies Inc. (the \"Company\") (TSX: BYL) (OTCQB: BYLTF) is pleased to announce that it has completed its previously announced brokered private placement of 41,250,000 subscription receipts at a price of $0.25 per subscription receipt for gross proceeds of $10,312,500, led by Paradigm Capital Inc. (the \"Agent\"). The proceeds of the private placement will be used by the Company to finance a portion of the purchase price for the previously announced acquisition of Kaelus AB (the \"Acquisition\"). Each subscription receipt will entitle the holder to receive one common share of the Company upon closing of the Acquisition and satisfaction of certain other conditions (collectively, the \"Escrow Release Conditions\"). Completion of the Acquisition remains subject to the satisfaction of a number of conditions, described in greater detail below.\n\n\n\n\n\n\n\nThe Company's controlling shareholder, 2385796 Ontario Inc. (the \"controlling shareholder\"), acquired 15,000,000 of the subscription receipts on the same terms as arm's length purchasers at a price of $0.25 per subscription receipt for an aggregate subscription price of $3,750,000. The common shares underlying the subscription receipts acquired by the controlling shareholder represent approximately 9.8% of the currently issued and outstanding common shares of the Company. The subscription was made for investment purposes. Mr. Jeffrey C. Royer, Chairman of the Board of Directors of the Company, exercises control and direction over securities held by the controlling shareholder. The subscription constitutes a \"related-party transaction\", as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"), but is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market v...