Vanta Holdings arranges $5-million private placement

Executive Summary

• Vanta Holdings Inc. announced a proposed non‑brokered private placement of up to 2,380,952 units at $2.10 per unit, targeting gross proceeds of up to $5 million.
• Each unit includes one common share and one transferable warrant allowing the purchase of an additional share at $3.00 for a 24‑month period.
• Net proceeds will be used to fund corporate growth initiatives, repay outstanding payables and indebtedness, support corporate awareness efforts, and provide general working capital.

Key Details

• Units Offered: Up to 2,380,952 units (each = 1 common share + 1 warrant).
• Pricing: $2.10 per unit → $5 million maximum gross proceeds.
• Warrant Terms: One‑share purchase warrant per unit; exercise price $3.00 per share; exercisable for 24 months from closing date.
• Closing Timeline: Anticipated on or about March 15, 2026, possibly in multiple tranches subject to CSE policies.
• Statutory Hold Period: Securities subject to a hold period of four months and one day from issuance.
• Use of Proceeds:
• Advancement of business initiatives (product development, market expansion).
• Payment of outstanding payables and indebtedness.
• Corporate awareness/marketing activities.
• General working capital.
• Insider Participation: Insiders may participate; transaction qualifies for exemptions under MI 61‑101 subsections 5.5(a) and 5.7(a), provided insider participation does not exceed 25 % of the fair market value of Vanta’s market capitalization.

Notable Quotes

(No executive quotes were included in the release.)