Metatek-Group Ltd. Announces Pricing of Initial Public Offering of Common Shares

Executive Summary

• Metatek‑Group Ltd. announced the pricing of its IPO: a treasury offering of 7 million common shares at $5.00 each for gross proceeds of $35 million, plus a secondary placement of 1 million shares (no proceeds to the company).
• The underwriters have an over‑allotment option for up to 1.2 million additional shares, potentially generating another $6 million in gross proceeds (not received by Metatek if exercised).
• The TSX has conditionally approved listing; shares are expected to begin trading on March 19, 2026 under the symbol “MTEK”.

Key Details

• Offering Structure – Treasury offering: 7,000,000 Common Shares @ $5.00 = $35.0 million gross proceeds to Metatek.
• Secondary Offering – 1,000,000 Common Shares @ $5.00 = $5.0 million gross proceeds (to selling shareholders; Metatek receives none).
• Closing Date – Expected on or about March 25, 2026, subject to customary conditions.
• Underwriters – Syndicate led by Canaccord Genuity Corp. (sole bookrunner) with CIBC Capital Markets, Scotia Capital Inc., ATB Capital Markets Corp., Roth Canada, Inc., Beacon Securities Ltd., and Research Capital Corp.
• Over‑Allotment Option – PillarFour Capital Partners and its limited partners may purchase up to 1,200,000 additional shares at the offering price within 30 days post‑closing, for up to $6.0 million gross proceeds (not received by Metatek).
• TSX Listing – Conditionally approved; trading expected on March 19, 2026 on an “if, as and when issued” basis under ticker MTEK.
• Backlog Update – New two‑year contract increased adjusted backlog from US$46 million to >US$68 million and definitive contracts from US$17.3 million to US$39.7 million, as disclosed in the Final Prospectus.

Notable Quotes

No direct quotes were included in the release.