Business
The Fresh Factory Announces US$3 Million Non-Brokered Private Placement
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Fresh Factory B.c. Ltd.
[{"type":"text","content":"The Fresh Factory Announces US$3 Million Non-Brokered Private PlacementTHIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES CAROL STREAM, IL / ACCESS Newswire / December 15, 2025 / The Fresh Factory B.C. Ltd. (TSXV:FRSH)(FRA:Q4Z) (\"The Fresh Factory\" or the \"Company\"), a mission-driven company for fresh, clean-label, and better-for-you food and beverage brands, is pleased to announce that it intends to complete a non-brokered private placement of up to 26,087 proportionate voting shares (\"Proportionate Voting Shares\") in the capital of the Company at a price of US$115.00 (approximately C$158.48) per Proportionate Voting Share for total gross proceeds of up to approximately US$3,000,000 (approximately C$4.13M) (the \"Offering\").The Company intends to use the net proceeds from the Offering to fund the growth and development of its business, including upgrades to its existing facilities, and for general corporate and working capital purposes. Closing of the Offering is expected to occur in one or multiple tranches, with the first tranche expected to close on or about December 19, 2025, and is subject to the satisfaction of certain conditions, including receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange (the \"TSXV\").Each Proportionate Voting Share to be issued pursuant to the Offering has a restricted right to convert into 100 subordinate voting shares in the capital of the Company (the \"Subordinate Voting Shares\"), subject to adjustments for certain customary corporate changes. The ability to convert the Proportionate Voting Shares is subject to a restriction that the aggregate number of Subordinate Voting Shares and Proportionate Voting Shares held of record, directly or indirectly, by residents of the United States may not exceed 40% (subject to increase to 50% in the sole and unfettered discretion of the board of directors of the Company) of the aggregate number of Subordinate Voting Shares and Proportionate Voting Shares issued and outstanding after giving effect to such conversions, and to a restriction on beneficial ownership of Subordinate Voting Shares exceeding certain levels, in order for the Company to maintain its status as a \"foreign private i...