TORONTO, March 24, 2026 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., (the "Company") (TSX:STCK, TSX:STCK) is pleased to announce the terms of a "best efforts" private placement for aggregate gross proceeds to the Company of up to $15,000,000 (the "Offering"). In connection with the Offering, the Company announces that it has entered into an agreement with Canaccord Genuity Corp., to act as lead agent and sole bookrunner (the "Lead Agent"), for and on behalf of a syndicate of agents to be formed, in connection with a "best efforts" private placement of up to: (i) 466,666 units of the Company (the "Units") at a price of $18.75 per Unit (the "Offering Price") for gross proceeds of up to $8,750,000 (the "LIFE Offering") and (ii) 333,334 Units at the Offering Price for gross proceeds of up to $6,250,000 (the "Concurrent Private Placement").
Members of Company management intend to subscribe for at least $1,000,000 of Units under the Concurrent Private Placement.
Each Unit will be comprised of one common share (a "Common Share" and the Common Shares comprising the Units being the "Unit Shares") and one-quarter of one Common Share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant shall be exercisable by the holder thereof to acquire one Common Share (a "Warrant Share") for a period of 24 months following the Closing Date (as hereinafter defined) at an exercise price of $23.00 per Warrant Share, subject to adjustment in certain events.
The Company has applied to the Toronto Stock Exchange (the "TSX") for the listing of the Unit Shares, Warrants and Warrant Shares under the Offering. The Company intends to list the Warrants provided the Company is able to satisfy the distribution requirements for the Warrants under the policies and rules of the TSX. There is no guarantee that the distribution requirements to list the Warrants will be met.
The LIFE Offering is being made to purchasers resident in all provinces of Canada, except Québec, pursuant to the listed issuer financing exemption from the prospectus requirement available under Part 5A of National Instrument 45-106, Prospectus Exemptions and Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (collectively, the "LIFE Exemption"). Subject to compliance with the terms of the LIFE Exemption, the Unit Shares and Warrants offered under the LIFE Exemption will not be subject to resale restrictions pursuant to applicable Canadian securities laws. In addition, the Agents may offer the Units for sale on a private placement basis pursuant to available exemptions from the registration or prospectus requirements to investors resident in the United States and certain other jurisdictions outside of Canada and the United States, in each case, ...
