Northwire Canada EditionFriday, October 16, 2026
Northwire
⌕
GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8% GOLD 4170.10 +1.5% SILVER 57.16 +2.3% COPPER 6.56 −1.5% OIL 97.97 +3.0% PALLADIUM 1136.00 +3.6% LUN 32.91 +0.6% DLP 0.290 −3.3% VCV 0.065 −13.3% GG 2.89 +1.4% NBLC 0.015 +0.0% SF 0.300 −4.8% ATY 0.215 +2.4% GHL 0.060 −7.7% STND 0.060 −7.7% B 0.550 −3.5% HBM 34.33 −0.5% NTR 98.77 −0.7% SGZ 0.035 +0.0% MKA 0.670 +0.0% LXM 0.175 −18.6% CLCH 1.08 −1.8%
Financings

Tiny to Announce Financial Results and Host Investor Call for Q4 and Fiscal 2025 and Provides Update on Bond Offering and Issuer Bid

TINY · Price

Executive Summary

  • Tiny Ltd. will release its FY 2025 financial results before market open on March 30, 2026.
  • The company has extended the expiry of its issuer bid (Offer) to tender all 11% secured convertible debentures until April 15, 2026, and has secured voting support and lock‑up agreements from 100% of debentureholders ($36.1 M principal).
  • Ongoing discussions with investors for a senior secured callable bond offering aim to refinance the existing debt and provide additional liquidity.

Key Details

  • Financial Results Announcement: FY 2025 results (period ended Dec 31, 2025) will be disclosed before market open on Monday, March 30, 2026.
  • Investor Call: Business update conference call scheduled for March 30, 2026 at 8:00 a.m. ET; hosted by CEO Jordan Taub and CFO Mike McKenna. Dial‑in numbers and webcast link provided.
  • Bond Offering: Continuing meetings with potential investors for a fixed‑rate senior secured callable bond offering (the “Bond Offering”). Proceeds will be used to refinance existing debt, including the 11% convertible debentures, and for general working capital. Financial advisors: Pareto Securities AS and ATB Cormark Capital Markets.
  • Support Agreements: Voting support and lock‑up agreements executed with all debentureholders covering the full $36,100,000 principal amount of the 11% secured convertible debentures due May 12, 2030. Debentureholders have agreed to tender their holdings to the Offer.
  • Extension of Offer Expiry: Offer expiry extended to 5:00 p.m. (Toronto time) on April 15, 2026, unless further extended, varied or withdrawn. All other terms unchanged.
  • Refinancing Rationale (Board Considerations):
  • Anticipated additional liquidity and enhanced financial flexibility.
  • Simplification of capital structure, reduction of refinancing risk, elimination of conversion rights that could dilute equity holders.
  • Premium to fair value deemed appropriate to compensate debentureholders for loss of interest income and surrender of conversion rights.
  • Regulatory Notices: Securities not registered in the U.S.; offering limited to exempt transactions under Canadian securities law; forward‑looking statements included with standard risk disclosures.

Notable Quotes

(No direct quotes from executives were provided in the release.)

Read the original news release →

More from TINY LTD CAD