Aecon Group obtains receipt for final prospectus

Executive Summary

• Aecon Group Inc. has filed a final short form prospectus for a bought deal offering of 3,822,000 common shares from treasury.
• The offering is priced at $39.25 per share, generating approximately $150.0 million in gross proceeds, with an overallotment option for up to an additional $22.5 million.
• Net proceeds will be primarily allocated to repay amounts drawn under the company's revolving credit facility, with any excess funds designated for general corporate purposes.

Key Details

• Offering Structure: Bought deal offering of common shares from treasury.
• Underwriters: Syndicate led by CIBC Capital Markets and TD Securities Inc.
• Share Price: $39.25 per common share.
• Base Offering Quantity: 3,822,000 common shares.
• Base Gross Proceeds: Approximately $150,013,500.
• Overallotment Option: Up to 573,300 additional shares exercisable in whole or in part within 30 days of closing.
• Overallotment Gross Proceeds: Up to approximately $22.5 million.
• Use of Proceeds: Repayment of amounts drawn under revolving credit facility; excess net proceeds for general corporate purposes.
• Regulatory Status: Final short form prospectus filed and receipt obtained from securities commissions in all Canadian provinces.
• Prospectus Date: March 24, 2026.
• Access: Prospectus available on SEDAR+ and through underwriter contact channels.

(No notable quotes provided in the release)