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Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters' Option
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ ...
About this update from Li-ft Power Ltd.
[{"type":"text","content":"Li-FT Announces Closing of C$48.1 Million Private Placement Financing, Including Full Exercise of the Underwriters’ Option\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ VANCOUVER, British Columbia, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. (“LIFT” or the “Company”) (TSXV: LIFT) (OTCQX: LIFFF) (Frankfurt: WS0) is pleased to announce the closing of its previously announced offerings (the “Offerings”) outlined in its joint press release with Winsome Resources Limited (“Winsome”) issued on December 15, 2025 (Perth, Australia time) (the “Initial Press Release”) and its press release issued on January 22, 2026. Pursuant to the Offerings, the Company raised aggregate gross proceeds of approximately C$48.1 million, which included the full exercise by the Underwriters (as defined below) of their options to sell up to an additional C$6.5 million aggregate of Subscription Receipts and Shares (each as defined below), as follows: The Subscription Receipt Offering 3,876,000 “flow-through” subscription receipts of LIFT (the “FT Subscription Receipts”) at a price of C$6.88 for gross proceeds of C$26,666,880; and2,209,300 subscription receipts of LIFT (the “Non-FT Subscription Receipts”, and together with the FT Subscription Receipts, the “Subscription Receipts”, and the offering of Subscription Receipts, the “Subscription Receipt Offering”) at a price of C$4.30 (the “Non-FT Issue Price”) for gross proceeds of C$9,499,990. The Common Share Offering 775,200 “flow-through” common shares of LIFT (the “FT Shares”) at a price of C$6.45 for gross proceeds of C$5,000,040; and1,627,800 common shares of LIFT (the “Non-FT Shares”, and together with the FT Shares, the “Shares”) at the Non-FT Issue Price for gross proceeds of C$6,999,540. The Offerings were led by Canaccord Genuity Corp., as lead underwriter and sole-bookrunner, on behalf of a syndicate which included Cormark Securities Inc. and SCP Resource Finance LP (collectively, the “Underwriters”). The Company paid the Underwriters a cash commission of 5.0% of the gross proceeds of the Offerings, other than in ...