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Global Atomic Announces Upsize of Bought Deal Public Offering to Gross Proceeds of C$35 Million
Global Atomic Announces Upsize of Bought Deal Public Offering to Gross Proceeds of C$35 Million ...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n\n\nGlobal Atomic Announces Upsize of Bought Deal Public Offering to Gross Proceeds of C$35 Million\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\nTORONTO, Oct. 16, 2025 /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO) (OTCQX: GLATF) (FRANKFURT: G12) is pleased to announce that due to significant investor demand, the Company and Red Cloud Securities Inc. (\"Red Cloud\"), as sole underwriter and bookrunner, has agreed to increase the gross proceeds of its previously announced \"bought deal\" public offering (the \"Underwritten Offering\") from C$20,000,580 to C$35,000,240. Pursuant to the upsized Underwritten Offering, Red Cloud has agreed to purchase for resale 56,452,000 units of the Company (each, a \"Unit\") at a price of C$0.62 per Unit (the \"Offering Price\").\n\n\n\n\n\n\n\nEach Unit will consist of one common share of the Company (each, a \"Common Share\") and one common share purchase warrant (each, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.80 at any time on or before that date which is 36 months following the Closing Date (as defined herein).\nThe Company has granted to the Underwriters an option (the \"Over-Allotment Option\", and together with the Underwritten Offering, the \"Offering\"), exercisable in whole or in part, at any time for a period of up to 30 days after and including the Closing Date, to purchase for resale at the Offering Price additional Units equal to up to 15% of the number of Units sold pursuant to the Underwritten Offering at the Offering Price to cover over allotments, if any, and for market stabilization purposes.\nThe Company intends to use the net proceeds from the Offering for the advancement of the Company's Dasa Project and for general working capital purposes.\nIn connection with the Offering, the Company intends to file a prospectus supplement (the \"Supplement\") to the C...