Tantalus Systems Holding Inc. Announces $20 Million Bought Deal Public Offering

Executive Summary

• Tantalus Systems Holding Inc. entered into a bought‑deal agreement to sell 3,738,500 common shares at $5.35 per share, generating approximately $20 million in gross proceeds.
• The underwriters have an over‑allotment option for up to 560,775 additional shares exercisable within 30 days after closing.
• Net proceeds are earmarked for sales & marketing, strategic growth initiatives, partial repayment of a term loan, capital expenditures, R&D, and general corporate purposes.

Key Details

• Offering Size: 3,738,500 common shares (treasury stock) at $5.35 per share → gross proceeds ≈ $20,000,975.
• Over‑Allotment Option: Up to 560,775 additional shares on the same terms, exercisable up to 30 days post‑closing for market stabilization/over‑allotments.
• Lead Underwriter / Bookrunner: ATB Cormark Capital Markets (lead) with a syndicate of underwriters.
• Use of Proceeds:
• Sales and marketing initiatives
• Strategic growth projects
• Partial repayment of existing term loan
• Capital expenditures
• Research & development activities
• Working capital and general corporate expenses
• Expected Closing Date: On or about February 11, 2026, subject to customary conditions (regulatory approvals, TSX acceptance, etc.).
• Offering Documentation: Shares will be issued via a prospectus supplement to the existing short‑form base shelf prospectus dated June 16 2025; documents available on SEDAR+.

Notable Quotes

(No executive quotes were included in the release.)