Business
Carrier Connect Data Solutions Inc. Announces Closing of $10.5 Million Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Carrier Connect Data Solution...
About this update from Carrier Connect Data Solutions Inc.
[{"type":"text","content":"Carrier Connect Data Solutions Inc. Announces Closing of $10.5 Million Private Placement of UnitsVancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - Carrier Connect Data Solutions Inc. (TSXV: CCDS) (OTCQB: CCDSF) (WKN: A40XB1) (the \"Company\" or \"Carrier\"), is pleased to announce that it has closed its previously announced brokered private placement of units of the Company (the \"Units\") for gross proceeds of $10,500,000 (the \"Offering\"). The Offering was co-led by Canaccord Genuity Corp. and Beacon Securities Limited (the \"Agents\") and consisted of the sale of 6,562,500 Units at a price of $1.60 per Unit. Each Unit comprised of one common share of the Company (a \"Common Share\") and one-half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire one Common Share until February 26, 2028 at an exercise price of $2.10.The Units were issued pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemptions, to purchasers resident in Canada (other than the province of Québec) and in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws, and are not subject to a statutory hold period pursuant to applicable Canadian securities laws. The Offering remains subject to the final approval of the TSX Venture Exchange (\"TSXV\").The Company intends to use the net proceeds from the Offering on acquisitions, debt repayment, capital improvement and data center expansions, marketing and staffing, and for general corporate purposes and working capital, all as further described in the amended and restated offering document dated February 18, 2026 related to the Offering that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at www.carrierconnect.ca. In connection with and in consideration for their services rendered under the Offering, the Company paid the Agents an aggregate cash commission of $625,500 and issued an aggregate of 390,937 agents' warrants (the \"Agents' Warrants\"). Each Agents' Warrant entitles the holder thereof to acquire one Commo...