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Carrier Connect Data Solutions Inc. Announces Private Placement of Units for Gross Proceeds of up to $8 Million
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR  FOR DISSEMINATION IN THE UNITE...
About this update from Carrier Connect Data Solutions Inc.
[{"type":"text","content":"Carrier Connect Data Solutions Inc. Announces Private Placement of Units for Gross Proceeds of up to $8 Million\nNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR  FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Carrier Connect Data Solutions Inc. (TSX.V:CCDS) (the “Company” or “Carrier”), is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Beacon Securities Limited as co-lead agents and joint bookrunners (the \"Agents\"), in connection with a “commercially reasonable efforts” private placement of up to 5,000,000 units of the Company (each, a “Unit”) at a price of $1.60 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of up to $8,000,000 (the “Offering”). Each Unit shall consist of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall be exercisable into one common share of the Company (a “Warrant Share”) for a period of 24 months from the Closing Date (as herein defined) at an exercise price of $2.10 per Warrant Share, subject to adjustment in certain events. Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Units will be offered for sale to purchasers resident in Canada pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, as amended and supplemented by Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, and to investors in other jurisdictions. The Units issued to subscribers in the Offering will not be subject to a hold period pursuant to applicable Canadian securities laws. In addition, the Company has granted the Agents an option, exercisable in whole or part, up to 48 hours prior to the Closing Date, to sell up to an additional 750,000 Units at the offering price of $1.60 per Unit, for additional gross proceeds of up to approximately $1,200,000. The Company intends to use the net proceeds from the Offering on acquisitions, debt repayment, capital improvement and data cen...