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Thermopylae Capital Inc. Announces Closing of Initial Public Offering
Toronto, Ontario--(Newsfile Corp. - March 23, 2026) - Thermopylae Capital Inc. (TSXV: THY) (the...
About this update from Thermopylae Capital Inc.
[{"type":"text","content":"Thermopylae Capital Inc. Announces Closing of Initial Public OfferingToronto, Ontario--(Newsfile Corp. - March 23, 2026) - Thermopylae Capital Inc. (TSXV: THY) (the \"Corporation\") announces it has completed its initial public offering (the \"Offering\") raising gross proceeds of $333,000, pursuant to its final prospectus dated September 19, 2025, as amended on March 5, 2026 (the \"Prospectus\"). A total of 3,330,000 common shares in the capital of the Corporation (the \"Shares\") were subscribed for at a price of $0.10 per Share. Leede Financial Inc. (the \"Agent\") acted as the agent for the Offering. The Agent received a cash commission equal to 10% of the gross proceeds of the Offering, a corporate finance fee, and non-transferable agent's warrants to purchase up to 330,000 Shares, at a price of $0.10 per Share for a period of five years from the date the Shares are listed on the TSX Venture Exchange (the \"TSXV\").Following completion of the Offering, the Corporation now has 6,130,000 Shares issued and outstanding, with the directors, officers and seed shareholders of the Corporation, in aggregate, holding Shares which are subject to escrow restrictions.The net proceeds of the Offering, together with the Corporation's existing working capital, will be used by the Corporation to identify and evaluate assets or businesses for acquisition with a view to completing a \"Qualifying Transaction\" under the TSXV's capital pool company program.The current directors of the Corporation are Dr. Ken (Kyriakos) Matziorinis, Véronique Laberge, Vasilios (Bill) Mavridis, and Edward Ierfino. Nicholas (Nick) Demos will serve as President.\"Today marks an exciting new chapter for Thermopylae Capital,\" said Nicholas (Nick) Demos, President. \"The TSX Venture Exchange's Capital Pool Company program is a truly unique and proven pathway — giving investors early access to high-potential opportunities while providing emerging businesses with the resources to thrive.\" CEO and Director Ken (Kyriakos) Matziorinis added: \"We are deeply grateful to everyone who believed in our vision and helped bring this offering to life. Our team is energized and focused on identifying a standout Qualifying Transaction, and we are confident that the best is yet to come.\"The Shares have been conditionally approved for listing on the TSXV under the symbo...