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Gatekeeper Announces Closing of its $11.5 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' Option
Abbotsford, British Columbia--(Newsfile Corp. - July 23, 2025) - Gatekeeper Systems Inc. (T...
About this update from Gatekeeper Systems, Inc.
[{"type":"text","content":"Gatekeeper Announces Closing of its $11.5 Million Bought Deal Private Placement, Including Full Exercise of Underwriters' OptionAbbotsford, British Columbia--(Newsfile Corp. - July 23, 2025) - Gatekeeper Systems Inc. (TSXV: GSI) (OTC Pink: GKPRF) (\"Gatekeeper\" or the \"Company\"), a video and data solutions provider for public transportation and smart cities, is pleased to announce the closing of its previously announced brokered private placement. Canaccord Genuity Corp. acted as lead underwriter and sole bookrunner, for and on behalf of a syndicate of underwriters including Raymond James Ltd. and Cormark Securities Inc. (together, the \"Underwriters\"), in connection with the private placement, pursuant to which the Company issued an aggregate of 9,585,250 common shares of the Company, including 1,250,250 common shares sold pursuant to the exercise in full by the Underwriters of the Underwriters' option (the \"Offered Shares\"), at a price of $1.20 per Offered Share for aggregate gross proceeds of $11,502,300 (the \"Offering\").The Offering was completed on a private placement basis (i) 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 in each of the Provinces and Territories of Canada, and (ii) in such other jurisdictions pursuant to relevant prospectus or registration exemptions in accordance with applicable laws.The net proceeds of the sale of the Offered Shares will be used for working capital and general corporate purposes, as described in the Company's offering document under the listed issuer financing exemption dated July 14, 2025. The Offering remains subject to the final approval of the TSX Venture Exchange.In connection with the Offering, the Company paid the Underwriters a cash commission of 6.0% of the gross proceeds raised under the Offering. The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities req...