Stack Capital Group closes $8.75-million financing

Executive Summary

• Stack Capital Group Inc. has closed its previously announced best efforts private placement under the Listed Issuer Financing Exemption (LIFE), raising total gross proceeds of $8.75 million.
• The company issued 466,666 units at a price of $18.75 per unit, with the offering led by Canaccord Genuity Corp. and a syndicate of co-lead managers.
• The net proceeds are designated for investments in accordance with the company's investment principles and for general corporate and working capital purposes.

Key Details

• Gross Proceeds: $8,750,000
• Units Issued: 466,666 units
• Price Per Unit: $18.75
• Offering Structure: Best efforts private placement under the Listed Issuer Financing Exemption (LIFE).
• Agents:
  • Lead Agent and Sole Bookrunner: Canaccord Genuity Corp.
  • Co-Lead Managers: Raymond James Ltd., TD Securities Inc., and RBC Capital Markets.
  • Other Agents: Wellington-Altus Private Wealth Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., and Ventum Capital Markets.
• Unit Composition: Each unit consists of one common share and one-fourth of one common share purchase warrant.
• Warrant Terms:
  • Exercise Price: $23 per warrant share.
  • Duration: 24 months from the date of the release.
  • Listing Symbol: STCK.WT.C
  • Expected Trading Commencement on TSX: April 1, 2026.
• Conditional Approval: Obtained from the Toronto Stock Exchange (TSX) for the listing of unit shares, warrants, and warrant shares, subject to final approval.
• Concurrent Private Placement: Expected to close on or about April 10, 2026.
• Use of Proceeds: Investments in accordance with the company's investment principles and general corporate and working capital purposes.
• Agent Fees:
  • Cash Fee: 5.0% of gross proceeds paid to agents.
  • Corporate Finance Fee: $100,000 paid to the lead agent.
• Regulatory Status: Units and warrants are immediately freely tradeable under applicable Canadian securities legislation upon closing.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.