Carrier Connect Data Solutions Inc. Announces Closing of $10.5 Million Private Placement of Units

Executive Summary

• Carrier Connect Data Solutions Inc. closed a brokered private placement of 6,562,500 units for gross proceeds of $10.5 million.
• Each unit consisted of one common share and half of a common‑share purchase warrant (exercise price $2.10, expiring 26 Feb 2028).
• Net proceeds will be used for acquisitions, debt repayment, capital improvements, data‑center expansion, marketing, staffing and general corporate purposes.

Key Details

• Offering Size & Price: 6,562,500 units at $1.60 per unit, total gross proceeds $10,500,000.
• Unit Composition: 1 common share + ½ of a common‑share purchase warrant (full warrant exercisable for one share at $2.10 until 26 Feb 2028).
• Agents & Compensation: Offering co‑led by Canaccord Genuity Corp. and Beacon Securities Ltd.; agents received cash commission of $625,500 and were issued 390,937 agent warrants (each warrant for one share at $1.60, expiring 26 Feb 2028, subject to a four‑month‑plus‑one‑day hold period).
• Regulatory Framework: Units issued under NI 45‑106 Part 5A and COBO 45‑935; exempt from statutory hold for Canadian (non‑Québec) and qualifying foreign investors. Final TSXV approval pending.
• Use of Proceeds:
• Acquisitions
• Debt repayment
• Capital improvements & data‑center expansions
• Marketing & staffing initiatives
• General corporate purposes & working capital
• Management Comment: CEO Mark Binns stated the financing demonstrates confidence in the business model and supports growth plans for 2026.

Notable Quotes

“The completion of this financing shows the confidence in our business model, execution to date, and growth plans for Carrier Connect for 2026.” – Mark Binns, Chief Executive Officer

Materiality Assessment: Material – Positive (significant capital raise that materially enhances the company’s ability to fund strategic initiatives).