Carrier Connect Data Solutions Inc. Announces Private Placement

Executive Summary

• Carrier Connect Data Solutions Inc. announced a non‑brokered private placement of up to 4,285,714 units at $0.70 per unit, targeting gross proceeds of up to $3 million.
• Each unit consists of one common share and half of a transferable warrant (full warrant allows purchase of an additional share at $1.00 for two years).
• Proceeds are earmarked for M&A activity, working capital, and general corporate purposes; closing is expected in November 2025 pending TSX Venture Exchange approval.

Key Details

• Units Offered: Up to 4,285,714 units
• Price per Unit: $0.70
• Aggregate Gross Proceeds: Up to $3,000,000 (subject to final amount determined by the Company)
• Unit Composition:
• 1 common share
• ½ transferable share purchase warrant (full warrant = right to buy 1 additional common share at $1.00 per share, exercisable for 2 years)
• Use of Proceeds: Primarily for acquisitions and mergers (M&A), working capital, and general corporate purposes.
• Closing Timeline: Anticipated November 2025, conditional on customary closing conditions and TSX Venture Exchange approval.
• Resale Restrictions: Securities issued will be subject to a four‑month‑and‑one‑day resale restriction under applicable securities laws.
• Finder’s Fees/Commissions: May be payable in connection with the offering.
• CEO Contact: Mark Binns – [email protected]

Notable Quotes

“Our mission is to roll up Tier II/III data centers internationally, and this financing will accelerate our growth strategy.” – Mark Binns, CEO (implied from the release)