Carrier Connect Data Solutions Inc. Increases Previously Announced Private Placement of Units to up to $10.5 Million

Executive Summary

• Carrier Connect Data Solutions Inc. announced an upsized private placement of up to 6,562,500 units at $1.60 per unit, targeting gross proceeds of up to $10.5 million.
• Proceeds are earmarked for acquisitions, debt repayment, capital improvements, data‑center expansions, marketing, staffing and general corporate purposes.
• The offering is expected to close on or about February 26, 2026, subject to regulatory approvals including conditional acceptance by the TSX Venture Exchange.

Key Details

• Units Offered: Up to 6,562,500 units (each unit = 1 common share + ½ warrant).
• Issue Price: $1.60 per unit.
• Gross Proceeds Target: Up to $10,500,000.
• Warrant Terms: Each warrant exercisable into one common share at $2.10 per share for 24 months from the closing date; subject to adjustment in certain events.
• Use of Proceeds:
• Acquisitions
• Debt repayment
• Capital improvement and data‑center expansions
• Marketing and staffing
• General corporate purposes and working capital
• Offering Structure: Private placement co‑led by Canaccord Genuity Corp. and Beacon Securities Limited; offered under NI 45‑106 exemption to Canadian residents and other qualified investors.
• Closing Date: Expected on or about February 26, 2026, contingent upon receipt of all required regulatory approvals.
• Regulatory Notes: Units not registered in the United States; offering limited to jurisdictions where it is lawful.

Notable Quotes

“We are pleased to increase our privately placed financing to support strategic growth initiatives, including data‑center expansion and targeted acquisitions,” – Mark Binns, CEO.