VANCOUVER, British Columbia, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Nano One Materials Corp. (TSX:NANO) ("Nano One" or the "Company") is pleased to announce that it has priced its previously announced "commercially reasonable efforts" overnight marketed underwritten offering (the "Offering") of units (the "Units") of the Company.
Pursuant to the Offering, the Company intends to issue 4,650,000 Units at a price of C$1.40 per Unit (the "Offering Price") for gross proceeds of approximately C$6.51 million. Each Unit shall be comprised of one common share of the Company (a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant shall be exercisable into one common share of the Company (a "Warrant Share") for a period of 24 months from the Closing Date (as herein defined) at an exercise price of C$1.75 per Warrant Share, subject to adjustment in certain events.
The Offering is expected to be completed pursuant to an underwriting agreement (the "Underwriting Agreement") to be entered into between the Company and Canaccord Genuity Corp. as lead underwriter and sole bookrunner ("Canaccord Genuity" or the "Lead Underwriter"), and a syndicate of underwriters including Roth Canada Inc. and Cormark Securities Inc. (collectively with the Lead Underwriter, the "Underwriters"). The Company has agreed to grant the Underwriters an over-allotment option (the "Over-Allotment Option") exercisable, in whole or in part, in the sole discretion of the Lead Underwriter, to purchase up to an additional 15% of the number of Units sold in the Offering for up to 30 days from the closing date of the Offering. The Over-Allotment Option is exercisable to acquire Units, Unit Shares and/or Warrants (or any combination thereof) at the discretion of the Lead Underwriter.
The Units will be offered by way of a prospectus supplement (the "Prospectus Supplement") to the Company's base shelf prospectus dated April 26, 2024 (the "Base Shelf Prospectus") to be filed in each of the provinces of Canada, except Quebec, and the Units may be also offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act"), subject to receipt of all ...
