Business
ROCKPOINT GAS STORAGE INC. ANNOUNCES CLOSING OF UPSIZED INITIAL PUBLIC OFFERING AND EXERCISE OF OVER-ALLOTMENT OPTION IN FULL
Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today that it has closed its oversubscribed, upsized initial public offering of 32,000,000 class "A" common shares ("Class A Shares") at a price of C$22.00 per Class A Share (the "Offering Price") for gross proceeds of approximately C$704,000,000 (the "Offering"). In addition, the underwriters exercised their option (the "Over-Allotment Option") in full to acquire an additional 4,800,000 Class A Shares at the Offering Price from
About this update from Brookfield Asset Management Inc
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./","length":87,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, Oct. 15, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today that it has closed its oversubscribed, upsized initial public offering of 32,000,000 class "A" common shares ("Class A Shares") at a price of C$22.00 per Class A Share (the "Offering Price") for gross proceeds of approximately C$704,000,000 (the "Offering"). In addition, the underwriters exercised their option (the "Over-Allotment Option") in full to acquire an additional 4,800,000 Class A Shares at the Offering Price from certain affiliates of Brookfield Asset Management Private Institutional Capital Adviser (Canada), L.P. ("Brookfield") for gross proceeds of approximately C$105,600,000. The Company did not receive any of the proceeds from the sale of Class A Shares pursuant to the exercise of the Over-Allotment Option.","length":924,"tagName":"p"},{"type":"image","alt":"Rockpoint Gas Storage Logo (CNW Group/Rockpoint Gas Storage) (CNW Group/Rockpoint Gas Storage Inc.)","displaySize":"","headline":null,"caption":"Rockpoint Gas Storage Logo (CNW Group/Rockpoint Gas Storage) (CNW Group/Rockpoint Gas Storage Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":200,"height":199,"url":"https://media.zenfs.com/en/cnwgroup.com/a809c6f27323db5220e194fdf02c9905"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lMwf.qqUUFbjDrRuMyS5Lw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2MDtoPTM1ODtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/a809c6f27323db5220e194fdf02c9905","width":200,"height":199}},"href":"https://mma.prnewswire.com/media/2796633/Rockpoint_Gas_Storage_Inc__ROCKPOINT_GAS_STORAGE_INC__ANNOUNCES.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Offering was made through a syndicate of underwriters led by RBC Capital Markets and J.P. Morgan, as joint lead bookrunning managers, and including Wells Fargo Securities, BMO Capital Markets, CIBC Capital Markets, National Bank Financial Inc., Scotiabank, TD Securities Inc., ATB Capital Markets, Desjardins Capital Markets and Peters & Co. Limited.","length":358,"tagName":"p"},{"type":"text","content"...