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Financings

Li-FT increases issue price of FT subscription receipts

By The Northwire Desk — AI Analysis Jan 22, 2026 · 13:28 LIFT · 7.70 Li-FT Power Ltd.
LIFT · Price

Executive Summary

  • Li-FT Power Ltd. has updated the pricing and expected gross proceeds for its previously announced financing in connection with the proposed acquisition of Winsome Resources Ltd.
  • The issuance price for flow-through subscription receipts has been increased from $6.45 to $6.88 per unit.
  • Consequently, the expected gross proceeds from the sale of 3,876,000 flow-through subscription receipts have increased from $25,000,200 to $26,666,880.
  • The offerings remain scheduled to close on or about January 29, 2026, subject to regulatory approvals.

Key Details

  • Transaction Context: Financing in connection with the proposed acquisition of Winsome Resources Ltd.
  • Underwriters: Canaccord Genuity Corp. (lead underwriter and sole bookrunner) on behalf of a syndicate.
  • Total Aggregate Gross Proceeds: Approximately $40 million (excluding option exercises).
  • Subscription Receipt Offering Updates:
    • Flow-Through Subscription Receipts:
      • Quantity: 3,876,000 units.
      • New Price: $6.88 per unit (increased from $6.45).
      • New Gross Proceeds: $26,666,880 (increased from $25,000,200).
    • Non-Flow-Through Subscription Receipts:
      • Quantity: 1,162,800 units.
      • Price: $4.30 per unit.
      • Gross Proceeds: $5,000,040.
  • Non-Subscription Receipt Offering:
    • Flow-Through Common Shares:
      • Quantity: 775,200 units.
      • Gross Proceeds: $5,000,040.
    • Non-Flow-Through Common Shares:
      • Quantity: 1,162,800 units.
      • Gross Proceeds: $5,000,040.
  • Underwriters' Over-Allotment Options:
    • Subscription Receipts: Option to sell up to $4.5 million of additional subscription receipts.
    • Common Shares: Option to sell up to $2 million of additional shares.
    • Exercisability: Options exercisable in whole or in part until two days prior to the closing date.
  • Closing Date: Scheduled on or about January 29, 2026.
  • Conditions: Closing is subject to receipt of all requisite approvals, including from the TSX Venture Exchange.
  • Status: All other material terms of the offerings remain unchanged from the initial press release dated December 15, 2025.
Read the original news release →

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