Intermap increases bought deal to $25-million

Executive Summary

• Intermap Technologies Corp. has increased the size of its previously announced bought deal financing from $20.1 million to $25 million due to strong investor demand.
• The company is issuing 8,334,000 Class A common shares at $3.00 per share, generating aggregate gross proceeds of $25,002,000.
• The underwriters retain an option to purchase up to 1,250,100 additional shares for overallotment, which would increase total gross proceeds to $28,752,300.

Key Details

• Transaction Structure: Bought deal financing via a syndicate of underwriters including Stifel Canada, Canaccord Genuity Corp., and Beacon Securities Ltd.
• Share Price: $3.00 per Class A common share.
• Base Proceeds: 8,334,000 shares issued for aggregate gross proceeds of $25,002,000.
• Overallotment Option: Underwriters have the option to purchase up to 1,250,100 additional common shares within 30 days of closing.
• Maximum Proceeds: If the overallotment option is exercised in full, total gross proceeds will reach $28,752,300.
• Use of Proceeds: Net proceeds will be used for working capital and general corporate purposes.
• Closing Date: Scheduled for on or about September 29, 2025.
• Regulatory Status: Subject to conditions including receipt of necessary approvals, specifically the conditional approval of the Toronto Stock Exchange.
• Distribution Method: Offered via a shelf prospectus supplement in Canadian provinces (excluding Quebec) under National Instrument 44-102, and in the United States on a private placement basis to qualified institutional buyers under Rule 144A.