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NanoXplore Closes Bought Deal Life Private Placement of $25,728,840
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About this update from Nanoxplore, Inc.
[{"type":"text","content":"NanoXplore Closes Bought Deal Life Private Placement of $25,728,840\n\n\n\n\n Not for distribution to United States newswire services or for dissemination in the United States\n \n\n\n MONTREAL, Oct. 30, 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 that it has closed its previously announced bought deal private placement whereby it issued 10,720,350 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 $25,728,840 (the \"\n \n Offering\n \n \").\n \n\n The Offering was conducted by a syndicate of underwriters co-led by Ventum Financial Corp. and Cormark Securities Inc., and which included National Bank Financial Inc., RBC Dominion Securities Inc., Paradigm Capital Inc. and Raymond James Ltd. (together, the \"\n \n Underwriters\n \n \").\n \n\n The Company intends to use the net proceeds of the Offering to support future growth by investing in dry graphene expansion, and for general corporate and working capital purposes.\n \n\n The Offering was completed 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\n \n\n Issuer Financing Exemption\n \n ”).\n \n\n The Common Shares issued under the Offering are freely tradeable and are not subject to a hold period under applicable Canadian securities laws.\n \n\n As consideration for their services, the Underwriters received a cash fee in an amount equal to 5 % of the gross proceeds of the Offering (subject to reduction with respect to sales made to investors on a president’s list.\n \n\n Martinrea International Inc., an insider of the Corporation, subscribed 2,343,750 Common Shares in the Offering, for an amount of approximately $5,625,000, thereby maintaining its interest in the Corporation.\n \n\n The participation of an insider in the Offering is considered a \"related party tra...