Carrier Connect Data Solutions Inc. Announces Closing of Over-Subscribed Private Placement

Executive Summary

• Carrier Connect Data Solutions Inc. closed an upsized, over‑subscribed non‑brokered private placement of 6,204,397 units at $0.70 per unit, raising aggregate proceeds of $4,343,077.90.
• Each unit consists of one common share and a half‑share purchase warrant (exercisable at $1.00 per share until 10 Nov 2027); the company also issued 312,464 broker warrants as compensation to brokerage firms.
• Proceeds are earmarked for M&A activity, working capital, and general corporate purposes.

Key Details

• Units Issued: 6,204,397 units @ $0.70 each → $4,343,077.90 gross proceeds.
• Unit Composition: 1 common share + ½ transferable share purchase warrant (exercise price $1.00 per share, valid until 10 Nov 2027).
• Broker Warrants: 312,464 non‑transferable warrants issued to brokerage firms as compensation; each exercisable at $1.00 per share until 10 Nov 2027; total broker warrant cost $218,724.68.
• Resale Restrictions: All securities subject to resale lock‑up until 11 Mar 2026.
• Use of Proceeds: Targeted for M&A, working capital, and general corporate purposes.
• Closing Date: Offering closed on 10 Nov 2025 (date of press release).

Notable Quotes

“We are pleased to announce the successful closing of our upsized private placement, which provides us with the capital needed to pursue strategic acquisitions and support ongoing operations.” – Mark Binns, CEO.