Business
IC Group Holdings Inc. Announces Amended Private Placement Terms and Updated Closing Timeline
Toronto, Ontario--(Newsfile Corp. - December 1, 2025) - IC Group Holdings Inc. (TSXV: ICGH)...
About this update from Ic Group Holdings Inc.
[{"type":"text","content":"IC Group Holdings Inc. Announces Amended Private Placement Terms and Updated Closing TimelineToronto, Ontario--(Newsfile Corp. - December 1, 2025) - IC Group Holdings Inc. (TSXV: ICGH) (\"IC Group\" or the \"Company\") announces that it has amended the terms of its previously announced non-brokered private placement (the \"Offering\") and now anticipates closing on or about December 12, 2025, subject to customary conditions including TSX Venture Exchange approval.Under the amended terms, the Company will issue up to 8,000,000 units (the \"Units\") at a price of $0.50 per Unit for expected gross proceeds of up to $4,000,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\").Each Warrant will now entitle the holder to purchase one additional common share at an exercise price of $0.65 for a period of 30 months from the date of issuance.The amended financing terms reflect several adjustments from those previously announced on November 4, 2025. The exercise price of each whole warrant has been reduced from $0.75 to $0.65, providing investors with a more favourable incentive to participate. The warrant term has also been extended from 24 months to 30 months, giving holders additional time to exercise. In addition, broker warrants issued to eligible finders will now be exercisable for 30 months at $0.50, aligning their duration with the investor warrants. The Unit price of $0.50 and the maximum offering size of $4,000,000 remain unchanged. These modifications are intended to strengthen the offering's competitiveness and support increased investor engagement.Eligible finders may be paid a cash commission of 6 percent of the proceeds raised and may be issued finder warrants equal to 6 percent of the number of Units sold. Each finder warrant will be exercisable at $0.50 for a period of 30 months from the date of issuance.The securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of issuance as required by applicable securities laws.The Company intends to use the net proceeds from the Offering to support sales and marketing expansion across its business units, advance technology development within its messaging and live engagement platforms, and for general working capital...