Tantalus Systems arranges $20-million offering

Executive Summary

• Tantalus Systems Holding Inc. has entered into an agreement for a $20 million bought deal public offering of common shares, led by ATB Cormark Capital Markets.
• The company will issue 3,738,500 common shares at a price of $5.35 per share, with an overallotment option for up to 560,775 additional shares.
• Net proceeds will be utilized for sales and marketing, strategic growth, partial repayment of a term loan, capital expenditures, R&D, and working capital.

Key Details

• Transaction Structure: Bought deal public offering of common shares from the treasury.
• Underwriter: ATB Cormark Capital Markets, acting as lead underwriter and sole bookrunner for a syndicate of underwriters.
• Share Quantity: 3,738,500 common shares initially, plus an option to purchase up to 560,775 additional shares (overallotment) exercisable within 30 days of closing.
• Price: $5.35 per common share.
• Gross Proceeds: Approximately $20,000,975 from the initial tranche; potential additional proceeds from the overallotment option.
• Use of Proceeds: Sales and marketing, strategic growth initiatives, partial repayment of the company's term loan, capital expenditures, research and development, and working capital and general corporate expenses.
• Closing Date: Expected on or about Feb. 11, 2026, subject to regulatory approvals and TSX acceptance.
• Regulatory Filings: Offered via prospectus supplement to the existing short form base shelf prospectus dated June 16, 2025. Accessible on SEDAR+.