Business
IC Group Holdings Inc. Successfully Closes Non-Brokered Private Placement Raising More Than $3,750,000
Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - IC Group Holdings Inc. (TSXV: ICGH...
About this update from Ic Group Holdings Inc.
[{"type":"text","content":"IC Group Holdings Inc. Successfully Closes Non-Brokered Private Placement Raising More Than $3,750,000Toronto, Ontario--(Newsfile Corp. - December 19, 2025) - IC Group Holdings Inc. (TSXV: ICGH) (\"IC Group\" or the \"Company\"), a consumer engagement company driving commerce and data for professional sports teams and global brands, is pleased to announce that it has successfully closed its previously announced non-brokered private placement (the \"Offering\").The Company issued 7,518,650 units (the \"Units\") at a price of $0.50 per Unit, for gross proceeds of $3,759,325. Each Unit consisted of one common share of the Company and one-half (½) of one non-transferable common share purchase warrant (each whole warrant, a \"Warrant\"). Each whole Warrant entitles the holder to acquire one additional common share at an exercise price of $0.65 per share for a period of 30 months from the date of issuance.The Company intends to deploy the net proceeds of the Offering to accelerate growth by scaling high-impact sales and marketing initiatives across its business units and making targeted technology investments to expand and monetize its next-generation messaging ecosystem. This includes the continued integration of Rich Communication Services (RCS) and the expansion of Fannex, its live engagement platform. Remaining proceeds will be used to strengthen working capital and support general corporate purposes.The Offering was significantly supported by the small-cap specialist group at Canaccord Genuity Corp., which introduced subscribers to the Company and collectively accounted for a significant portion of the capital raised. No underwriter was engaged in connection with the Offering. In connection with the Offering, the Company paid finder's fees of $143,790 in cash and issued 287,580 finder's warrants, each exercisable at $0.50 per share for a period of 30 months, in accordance with the policies of the TSX Venture Exchange.Insider ParticipationCertain insiders of the Company participated in the Offering and acquired an aggregate of 1,130,000 Units. Such participation constitutes a related party transaction within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company relied on exemptions from the formal valuation and minority shareholder ...