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Tantalus Systems Holding Inc. Announces $20 Million Bought Deal Public Offering
Tantalus Systems Holding Inc. Announces $20 Million Bought Deal Public Offering Canada Ne...
About this update from Tantalus Systems Holding Inc
[{"type":"text","content":"\n\n\nTantalus Systems Holding Inc. Announces $20 Million Bought Deal Public Offering\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/Not for distribution to United States newswire services or for dissemination in the United States/\nBASE SHELF PROSPECTUS IS ACCESSIBLE, AND THE PROSPECTUS SUPPLEMENT WILL BE ACCESSIBLE WITHIN TWO BUSINESS DAYS, ON SEDAR+\nBURNABY, BC, Feb. 2, 2026 /CNW/ - Tantalus Systems Holding Inc. (TSX: GRID) (OTCQX: TGMPF) (\"Tantalus\" or the \"Company\") is pleased to announce that it has entered into an agreement with ATB Cormark Capital Markets acting as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase 3,738,500 Common Shares (the \"Common Shares\") from the treasury of the Company, at a price of $5.35 per Common Share for total gross proceeds of approximately $20,000,975 million (the \"Offering\").\nIn addition, the Company will grant the Underwriters an option (the \"Over-Allotment Option\") to purchase up to an additional 560,775 Common Shares on the same terms exercisable at any time up to 30 days following the closing of the Offering, for market stabilization purposes and to cover over-allotments, if any.\nThe net proceeds of the Offering will be used for sales and marketing, strategic growth initiatives, partial repayment of the Company's term loan, capital expenditures, research and development, and working capital and general corporate expenses.\nThe Offering is expected to close on or about February 11, 2026, or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Toronto Stock Exchange (the \"TSX\").\nThe Common Shares to be issued under the Offering will be offered by way of a prospectus supplement (the \"Prospectus Supplement\") to the Company's existing short form base shelf prospe...