Tempramed arranges $2.5-million private placement

Executive Summary

• Tempramed Technologies Ltd. has arranged a non-brokered private placement of up to 3,289,473 units for aggregate gross proceeds of up to C$2.5 million.
• Each unit consists of one common share and one share purchase warrant, priced at 76 cents per unit.
• The company intends to use the proceeds to finance new inventory, product development, global sales and marketing expansion, and general working capital.

Key Details

• Transaction Structure: Non-brokered private placement of up to 3,289,473 units.
• Price: 76 cents per unit.
• Gross Proceeds: Up to C$2.5 million.
• Unit Composition: Each unit comprises one common share and one share purchase warrant.
• Warrant Terms:
  • Each warrant entitles the holder to purchase one additional common share.
  • Exercise price: $1.00 per share.
  • Expiration: 18 months after the closing date of the offering.
• Use of Proceeds:
  • Financing new inventory.
  • Product development.
  • Scaling the sales and marketing division globally.
  • General working capital.
• Closing Date: Anticipated on or before November 5, 2025, subject to investor documentation, funds, and compliance with Canadian Securities Exchange requirements.
• Restrictions:
  • Shares, warrants, and additional shares issued upon exercise are subject to a four-month-and-one-day hold period in Canada from the closing date.
  • Warrants issued to certain investors are restricted from exercise if it would result in the holder holding over 9.99% of the issued and outstanding shares.
  • No new insiders are anticipated as a result of the offering.
• Finder’s Fees: The company may pay qualified arm's-length parties finders' fees equal to 7% of the gross proceeds raised and a number of finder shares equal to 7% of the number of units placed.

Notable Quotes

• No direct quotes from management were included in the provided text.