Intermap Technologies arranges $20.1-million offering

Executive Summary

• Intermap Technologies Corp. has entered into an agreement for a $20.1 million bought deal offering of 6.7 million Class A common shares at $3.00 per share, led by underwriter Stifel Canada.
• The offering includes an overallotment option allowing for the purchase of up to 1,005,000 additional shares, which would increase total gross proceeds to $23,115,000.
• Net proceeds are designated for working capital and general corporate purposes, with the transaction scheduled to close on or about September 29, 2025, subject to regulatory approvals including the Toronto Stock Exchange.

Key Details

• Transaction Structure: Bought deal offering of Class A common shares.
• Underwriter: Syndicate led by Stifel Canada.
• Share Price: $3.00 per common share.
• Base Offering Size: 6,700,000 shares.
• Base Gross Proceeds: $20,100,000.
• Overallotment Option: Up to 1,005,000 additional shares exercisable within 30 days of closing.
• Maximum Gross Proceeds (with Overallotment): $23,115,000.
• Use of Proceeds: Working capital and general corporate purposes.
• Closing Date: On or about September 29, 2025.
• Regulatory Conditions: Subject to receipt of all necessary approvals, including conditional approval of the Toronto Stock Exchange.
• Distribution Method:
  • Canada: Via shelf prospectus supplement (excluding Quebec) under National Instrument 44-102.
  • United States: Private placement to qualified institutional buyers under Rule 144A of the Securities Act of 1933.