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TORONTO, March 31, 2026 (GLOBE NEWSWIRE) — Stack Capital Group Inc., (the “Company”) (TSX:STCK & TSX:STCK.WT.A & TSX:STCK.WT.B) is pleased to announce that it has closed its previously announced “best efforts” private placement (the “LIFE Offering”), pursuant to which the Company issued 466,666 units (the “Units”) at a price of $18.75 per Unit (the “Offering Price”) for gross proceeds of $8,750,000.
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The LIFE Offering was led by Canaccord Genuity Corp. (the “Lead Agent”), as lead agent and sole bookrunner, together with a syndicate of agents including Raymond James Ltd., TD Securities Inc. and RBC Capital Markets, as co-lead managers, and Wellington-Altus Private Wealth Inc., CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc. and Ventum Capital Markets (collectively, the “Agents”).
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The previously announced concurrent private placement (the “Concurrent Private Placement” and collectively, with the LIFE Offering, the “Offering”) is expected to close on or about April 10, 2026, or such other dates as may be agreed to by the Company and the Lead Agent. The Company obtained conditional approval from the Toronto Stock Exchange (the “TSX”) for the listing of the Unit Shares, Warrants and Warrant Shares (each as defined below) under the LIFE Offering subject to final approval of the TSX. The Warrants will be listed under the symbol STCK.WT.C and are expected to commence trading on the TSX on April 1, 2026.
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Each Unit consisted of one common share (a “Common Share” and the Common Shares comprising the Units being the “Unit Shares”) and one-quarter of one Common Share purchase warrant of the Company (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one Common Share (a “Warrant Share”) for a period of 24 months following the date hereof at an exercise price of $23.00 per Warrant Share, subject to adjustment in certain events.
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The LIFE Offering was made to purchasers resident in certain provinces of Canada pursuant to the listed issuer financing exemption from the prospectus requirement under Part 5A of National Instrument 45-106 – Prospectus Exemptions and Coordinated Blanket Order 45-935 Exemptions from Certain Conditions of the Listed Issuer Financing Exemption of the Canadian Securities Administrators (collectively, the “LIFE Exemption”). Upon closing of the LIFE Offering, the Unit Shares and Warrants offered under the LIFE Exemption are immediately freely tradeable under applicable Canadian securities legislation.
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The net proceeds of the LIFE Offering will be used for investments in accordance with the Company’s investment principles and general corporate and working capital purposes.
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At the closing of the LIFE Offering, the Company paid to the Agents a cash fee equal to 5.0% of the gross proceeds raised in connection with the LIFE Offering. The Company also paid the Lead Agent a corporate finance fee equal to $100,000 at the closing of the LIFE Offering.
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No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any of the securities of the Company in the United States of America. The Units, Unit Shares, Warrants and Warrant Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act”) or any state securities laws and may not be offered, sold or delivered, directly or indirectly, within the United States, its possessions and other areas subject to its jurisdiction or for the account or for the benefit of U.S. Persons (as defined under applicable securities laws) or persons in the United States unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration is available.
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