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Metatek-Group Ltd. Announces Pricing of Initial Public Offering of Common Shares
Metatek-Group Ltd. ("Metatek" or the "Company") announced today that it has obtained a receipt for its final base PREP prospectus dated March 17, 2026 filed with the securities regulatory authorities in each of the provinces of Canada, except Québec (the "Final Prospectus"), and has entered into an underwriting agreement in connection with its initial public offering of common shares ("Common Shares") of the Company (the "Offering").
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[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./","length":97,"tagName":"p","attribs":{}},{"type":"text","content":"Supplemented PREP prospectus and any amendment will be accessible through SEDAR+ within two business days. ","length":116,"tagName":"p","attribs":{}},{"type":"text","content":"CALGARY, AB, March 18, 2026 /CNW/ - Metatek-Group Ltd. ("Metatek" or the "Company") announced today that it has obtained a receipt for its final base PREP prospectus dated March 17, 2026 filed with the securities regulatory authorities in each of the provinces of Canada, except Québec (the "Final Prospectus"), and has entered into an underwriting agreement in connection with its initial public offering of common shares ("Common Shares") of the Company (the "Offering").","length":523,"tagName":"p"},{"type":"image","alt":"Metatek-Group Ltd. logo (CNW Group/Metatek-Group Ltd.)","displaySize":"","headline":null,"caption":"Metatek-Group Ltd. logo (CNW Group/Metatek-Group Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":299,"height":85,"url":"https://media.zenfs.com/en/cnwgroup.com/f5df435ca79f518b655a00ebadb8eb40"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/NkgH7rybR56at1pvTZ..og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExOTtjZj13ZWJw/https://media.zenfs.com/en/cnwgroup.com/f5df435ca79f518b655a00ebadb8eb40","width":299,"height":85}},"href":"https://mma.prnewswire.com/media/2937303/Metatek_Group_Ltd__Metatek_Group_Ltd__Announces_Pricing_of_Initi.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The Offering consists of a treasury offering of 7,000,000 Common Shares at a price of $5.00 per share (the "Offering Price"), for total gross proceeds to the Company of $35.0 million, and a secondary offering of 1,000,000 Common Shares at the Offering Price, for aggregate gross proceeds of $5.0 million. The Company will not receive any proceeds from the secondary offering. The Offering is expected to close on or about March 25, 2026, subject to customary closing conditions.","length":488,"tagName":"p"},{"type":"text","content":"The Offering is being made through a syndicate of underwriters led by Canaccord Genuity Corp., as sole bookrunner, and CIBC Capital Markets, Scotia Capital Inc...