Business
Nano One Closes $6.96 Million Overnight Marketed Offering
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, R...
About this update from Nano One Materials Corp
[{"type":"text","content":"Nano One Closes $6.96 Million Overnight Marketed OfferingNOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / December 10, 2025 / Nano One Materials Corp. (\"Nano One\" or the \"Company\") (TSX:NANO)(OTCQB:NNOMF), is pleased to announce that it has closed its previously announced overnight marketed underwritten offering of 4,970,500 units, including 320,500 units (\"Units\") issued pursuant to partial exercise of the Over-Allotment Option (as defined below), at a price of C$1.40 per Unit (the \"Offering Price\") for aggregate gross proceeds of C$6,958,700 (the \"Offering\").Canaccord Genuity Corp. (the \"Lead Underwriter\") acted as lead underwriter and sole bookrunner under the Offering on behalf of a syndicate of underwriters including Roth Canada, Inc. and Cormark Securities Inc. (together with the Lead Underwriter, the \"Underwriters\").Each Unit consists of one common share of the Company (each, a \"Common Share\") and one-half of one common share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant entitles the holder thereof to acquire, upon payment of C$1.75 to the Company, one common share of the Company, subject to adjustment in certain circumstances, until December 10, 2027.The net proceeds of the Offering are expected to be used for research and business development activities, expansion of the Company's Candiac facility, working capital and general corporate purposes.Pursuant to the Underwriting Agreement and in consideration of the Underwriters' services rendered in connection with the Offering, the Company paid to the Underwriters a cash fee equal to 6.0% of the aggregate gross proceeds in respect of the Offering, subject to a reduced fee of 3.0% of the gross proceeds for Units sold by the Underwriter to certain purchasers designated by the Company on the President's list (the \"President's List\") and issued to the Underwriters on the Closing Date such number of compensation warrants (each, a \"Compensation Warrant\") as is equal to 6.0% of the number of Units sold pursuant to the Offering, subject to a reduced number of Compensation Warrants equal to 3.0% of the Units sold by the Underwriter to purchasers on the President's List. The...