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NanoXplore Announces Bought Deal Life Private Placement of $25,000,080
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About this update from Nanoxplore, Inc.
[{"type":"text","content":"NanoXplore Announces Bought Deal Life Private Placement of $25,000,080\n\n\n\n\n Not for distribution to United States newswire services or for dissemination in the United States\n \n\n\n MONTRÉAL, Québec, Oct. 23, 2025 (GLOBE NEWSWIRE) -- NanoXplore Inc. (“\n \n NanoXplore\n \n ” or the “\n \n Corporation\n \n ”) (TSX: GRA and OTCQX: NNXPF), a world-leading graphene company, is pleased to announce a bought deal private placement (the “\n \n Offering\n \n ”) pursuant to an agreement with Ventum Financial Corp. as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “\n \n Underwriters\n \n ”), whereby the Underwriters have agreed to purchase for resale 10,416,700 common shares in the capital of the Corporation (“\n \n Common Shares\n \n ”) at a price of $2.40 per Common Share (the “\n \n Offering Price\n \n ”) for gross proceeds of $25,000,080.\n \n\n The Underwriters have an option (the “\n \n Underwriters’ Option\n \n ”) to increase the size of the Offering by up to 15% by giving written notice of the exercise of the Underwriters’ Option, or a part thereof, to the Corporation at any time up to 48 hours prior to the Closing Date (as defined herein).\n \n\n The Corporation intends to use the net proceeds raised from the Offering to support future growth by investing in dry graphene expansion, and for general corporate and working capital purposes.\n \n\n Except to the extent that any Common Shares are sold to purchasers resident in jurisdictions outside of Canada, such as the United States, the Common Shares sold pursuant to the Offering will be offered in all the Provinces of Canada pursuant to the “listed issuer financing” exemption under Part 5A of National Instrument 45-106 –\n \n Prospectus Exemptions,\n \n as amended by Coordinated Blanket Order 45-935 –\n \n Exemptions from Certain Conditions of the Listed Issuer Financing Exemption\n \n (the “\n \n Listed Issuer Financing Exemption\n \n ”). The Common Shares issued pursuant to the Listed Issuer Financing Exemption, including the Underwriters’ Option, as applicable, are expected to be immediately freely tradeable and will not be subject to a hold peri...