NanoXplore Announces Bought Deal Life Private Placement of $25,000,080

Executive Summary

• NanoXplore Inc. announced a bought‑deal private placement of 10,416,700 common shares at $2.40 per share for gross proceeds of $25,000,080.
• The underwriters have an option to increase the offering size by up to 15 % (additional ~1.56 M shares).
• Net proceeds are earmarked to fund expansion of dry‑graphene production and for general corporate and working‑capital purposes; closing is expected around October 30, 2025, subject to customary approvals.

Key Details

• Offering Size: 10,416,700 common shares (≈ $25.0 M gross proceeds).
• Price per Share: $2.40 CAD.
• Underwriters’ Option: Up to an additional 15 % of the initial share count, exercisable up to 48 hours before closing.
• Lead Underwriter/Bookrunner: Ventum Financial Corp., acting for a syndicate of underwriters.
• Use of Proceeds:
• Expansion of dry‑graphene production capacity.
• General corporate purposes and working capital.
• Closing Date: Expected on or about October 30, 2025, pending TSX approval and other customary conditions.
• Exemptions & Trading: Shares to be issued under the “listed issuer financing” exemption (NI 45‑106) and will be freely tradeable immediately after issuance; no hold period in Canada.
• U.S. Restrictions: Offering not registered under U.S. securities laws; shares may not be sold or offered to U.S. persons absent a registration or applicable exemption.

Notable Quotes

(No executive quotes were included in the release.)