Business
BeWhere Holdings Inc. Announces Closing of its C$5.0 Million Brokered LIFE Offering, Including Full Exercise of Over-Allotment Option
Toronto, Ontario--(Newsfile Corp. - February 19, 2026) - BeWhere Holdings Inc. (TSXV: BEW) (OTCQ...
About this update from Bewhere Holdings, Inc.
[{"type":"text","content":"BeWhere Holdings Inc. Announces Closing of its C$5.0 Million Brokered LIFE Offering, Including Full Exercise of Over-Allotment OptionToronto, Ontario--(Newsfile Corp. - February 19, 2026) - BeWhere Holdings Inc. (TSXV: BEW) (OTCQB: BEWFF) (the \"Company\" or \"BeWhere\"), is pleased to announce the closing of its previously announced brokered private placement. Canaccord Genuity Corp. acted as lead agent and sole bookrunner, on behalf of a syndicate of agents including Roth Canada Inc. (collectively, the \"Agents\"), in connection with the commercially reasonable efforts private placement offering, pursuant to which the Company issued an aggregate of 7,150,000 common shares of the Company, including 1,430,000 common shares of the Company sold pursuant to the exercise in full by the Agents of their over-allotment option (each, a \"Common Share\", and collectively the \"Offered Securities\"), at a price of C$0.70 per Common Share (the \"Issue Price\") for gross proceeds of C$5,005,000 (the \"Offering\"). The Offering was conducted pursuant to an agency agreement dated February 19, 2026, between the Company, Canaccord Genuity Corp., and Roth Canada Inc. The Offering was completed on a private placement basis in reliance on the \"listed issuer financing\" exemption from the prospectus requirements available under Part 5A.2 of National Instrument 45-106 - Prospectus Exemptions, as modified by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the \"Listed Issuer Financing Exemption\") in each of the Provinces and Territories of Canada (excluding Québec), and in such other jurisdictions other than Canada pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, provided that no prospectus filing or comparable obligation, ongoing reporting or continuous disclosure requirement or requisite regulatory or governmental approval arises in such jurisdictions. The Common Shares issued under the Listed Issuer Financing Exemption are not subject to a hold period pursuant to applicable Canadian securities laws.The Company intends to use the net proceeds of the Offering to expand its equipment rental business to further enhance recurring revenue, to fund its European expansion and for working capital and general corporate purposes, as described in...