Carrier Connect increases private placement to $10.5M

Executive Summary

• Carrier Connect Data Solutions Inc. has increased the size of its previously announced private placement of units to up to $10.5 million, up from prior amounts.
• The offering consists of up to 6,562,500 units priced at $1.60 per unit, co-led by Canaccord Genuity Corp. and Beacon Securities Ltd.
• Net proceeds are intended for acquisitions, debt repayment, capital improvements, data centre expansions, marketing, staffing, and general corporate purposes.

Key Details

• Offering Size: Upsized to up to $10.5 million in aggregate gross proceeds.
• Units Offered: Up to 6,562,500 units.
• Price Per Unit: $1.60.
• Underwriters/Co-Leads: Canaccord Genuity Corp. and Beacon Securities Ltd.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms:
  • Exercisable into one common share per warrant.
  • Exercise Price: $2.10 per warrant share.
  • Duration: 24 months from the closing date.
  • Subject to adjustment in certain events.
• Regulatory Exemption: Offered pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106, as amended and supplemented by Coordinated Blanket Order 45-935.
• Hold Period: Units issued will not be subject to a hold period under applicable Canadian securities laws.
• Use of Proceeds: Acquisitions, debt repayment, capital improvement, data centre expansions, marketing, staffing, and general corporate purposes/working capital.
• Closing Date: Expected on or about February 26, 2026.
• Conditions: Subject to regulatory approvals, including conditional acceptance of the TSX Venture Exchange.
• Documentation: Amended and restated offering document dated February 18, 2026, available on SEDAR+ and the company website.