Carrier Connect Data Solutions Inc. Announces Private Placement of Units for Gross Proceeds of up to $8 Million

Executive Summary

• Carrier Connect Data Solutions Inc. announced a private placement of up to 5,000,000 units at $1.60 per unit, targeting gross proceeds of up to $8 million.
• The Units consist of one common share and half of a common‑share purchase warrant (exercisable at $2.10 for 24 months).
• An over‑allotment option allows the agents to sell an additional 750,000 units for up to $1.2 million; net proceeds are earmarked for acquisitions, debt repayment, capital improvements, data‑center expansion, marketing, staffing and general corporate purposes.

Key Details

• Agents: Canaccord Genuity Corp. and Beacon Securities Limited (co‑lead agents and joint bookrunners).
• Offering Size: Up to 5,000,000 units; each unit = 1 common share + ½ warrant.
• Issue Price: $1.60 per unit.
• Maximum Gross Proceeds: $8,000,000 (primary placement) plus up to $1,200,000 under the over‑allotment option.
• Warrant Terms: Each warrant exercisable into one common share at $2.10 per share; term of 24 months from closing; subject to adjustment.
• Over‑Allotment Option: Up to 750,000 additional units may be sold by the agents up to 48 hours before the Closing Date at the same price.
• Use of Proceeds:
• Acquisitions
• Debt repayment
• Capital improvements & data‑center expansions
• Marketing and staffing
• General corporate purposes & working capital
• Closing Expectation: On or about February 26, 2026, subject to regulatory approvals (including conditional acceptance by the TSX Venture Exchange).
• Regulatory Framework: Offered under NI 45‑106 listed issuer financing exemption; units not subject to a hold period in Canada; not registered in the United States.

Notable Quotes

“We are pleased to secure this financing, which will enable us to accelerate our growth strategy, expand our data‑center footprint and strengthen our balance sheet,” – Mark Binns, CEO.