Nano One Secures $6.96 Million with Marketed Offering

Vancouver-based Nano One Materials Corp. has finalized an overnight marketed offering, raising C$6,958,700. This involved the sale of 4,970,500 units at C$1.40 per unit. Canaccord Genuity Corp. led as the sole bookrunner, with Roth Canada, Inc., and Cormark Securities Inc., also part of the underwriting syndicate.

Each unit comprises one common share and a warrant for half of a common share. These warrants allow purchases at C$1.75 each until December 2027. Nano One plans to use the proceeds for research, expanding its Candiac facility, and general purposes.

The offering was conducted via a prospectus supplement in Canada, excluding Québec. In the U.S., it was privately placed under exemptions from registration requirements. The common shares from this offering are now listed on the Toronto Stock Exchange.