Intermap Technologies Closes Bought Deal Public Offering for Gross Proceeds of $28,752,300, Including the Full Exercise of the Over-Allotment Option

Executive Summary

• Intermap Technologies closed an upsized bought‑deal offering of 9,584,100 Class A common shares at $3.00 per share, generating gross proceeds of $28,752,300.
• The underwriters exercised the full over‑allotment option and received 575,046 compensation warrants (exercise price USD $2.1758, expiring 29 Sep 2027).
• Net proceeds are earmarked for working capital and general corporate purposes, strengthening the balance sheet to support growth initiatives.

Key Details

• Offering Size & Price: 9,584,100 Class A common shares at $3.00 per share.
• Gross Proceeds: $28,752,300 (including over‑allotment).
• Underwriters: Lead underwriter – Stifel Nicolaus Canada Inc.; participants – Canaccord Genuity Corp., Beacon Securities Ltd.
• Over‑Allotment: Full exercise of the option; total shares issued = 9,584,100 + 575,046 warrants.
• Broker Warrants: 575,046 warrants granted to underwriters, each allowing purchase of one common share at USD $2.1758, exercisable until 29 Sep 2027.
• Underwriter Compensation: Cash commission paid of $1,725,138.
• Use of Proceeds: Working capital and general corporate purposes as described in the Prospectus Supplement.
• Regulatory Status: Offering subject to final approval by the Toronto Stock Exchange (TSX).
• Legal Disclaimer: Offer not made or intended for U.S. persons; securities not registered under the U.S. Securities Act of 1933.

Notable Quotes

“The success of this Offering reflects investment from long‑term, growth‑oriented institutions that recognize the critical value our customers place on Intermap’s proprietary GEOINT data products… A stronger balance sheet matches our objective to increasingly embed exquisite mission‑critical GEOINT in our customer workflows.” – Patrick A. Blott, Chairman and CEO

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.