Business
Early Warning Press Release EdgePoint Announces Completion of Acquisition of Common Shares and Warrants of Terago
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ...
About this update from Terago Inc.
[{"type":"text","content":"Early Warning Press Release EdgePoint Announces Completion of Acquisition of Common Shares and Warrants of Terago\n\n\n\n\n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR\n \n\n FOR DISSEMINATION IN THE UNITED STATES\n \n\n\n TORONTO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- TeraGo Inc. (“\n \n TeraGo\n \n ” or the “\n \n Issuer\n \n ”) (TSX:TGO): This press release is being disseminated by EdgePoint Investment Group Inc. (“\n \n EdgePoint\n \n ”) and Cymbria Corporation (“\n \n Cymbria\n \n ”, and collectively with EdgePoint, the “\n \n Acquiror\n \n ”), an account managed by EdgePoint, to announce the completion of the previously announced:\n \n\n\n acquisition by Cymbria of 4,761,904 common shares of the Issuer (“\n \n Shares\n \n ”) pursuant to a rights offering undertaken by the Issuer (the “\n \n Rights Offering\n \n ”); and\n \n\n acquisition by Cymbria of common share purchase warrants of the Issuer (“\n \n Warrants\n \n ”) to acquire an aggregate of 1,603,377 Shares in connection with the refinancing of the secured credit facility (the “\n \n Credit Facility\n \n ”) of Terago Networks Inc. (“\n \n Terago Networks\n \n ”), a subsidiary of the Issuer, pursuant to an amended and restated credit and guarantee agreement entered into by, among others, EdgePoint, Terago Networks and the Issuer (the “\n \n New Credit Agreement\n \n ”). Each such Warrant entitles the holder thereof to subscribe for and purchase one Share at a price per Share of $0.84 at any time prior to 5:00 P.M. (EST) prior to October 21, 2030.\n \n\n\n\n\n The Shares acquired by Cymbria pursuant to the Rights Offering were acquired at a price per Share of $0.84 for total consideration of $3,999,999.36.\n \n\n The Warrants issued to Cymbria pursuant to the New Credit Agreement were issued by TeraGo in connection with the refinancing of the Credit Facility, which refinancing was funded by Cymbria and the other lenders under the New Credit Agreement.\n \n\n Immediately prior to the completion of the Rights Offering and the transactions contemplated by the New Credit Agreement, EdgePoint had control over, and Cymbria had ownership of, 4,706,715 Shares and Warrants to acquire 854,100 Shares (representing, following t...