Quarterhill upsizes bought-deal private placement to $45 million at $2.48/share

Reuters2026/08/27 14:49

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Quarterhill upsized a bought-deal private placement to 18,145,300 common shares at $2.48 per share for gross proceeds of $45 million.
Underwriters hold a 15% option at $2.48, lifting potential gross proceeds to about $51.75 million.
Net proceeds earmarked for general corporate purposes, working capital, growth initiatives, future acquisitions.
Closing expected around Sept. 16, 2026, subject to conditional TSX approval.
Shares to be sold on a private placement basis in Canada, with a possible U.S. private placement under exemptions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quarterhill Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608271048CANADANWCANADAPR_C2013) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quarterhill upsizes bought-deal private placement to $45 million at $2.48/share

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