BTQ Technologies Launches C$150 Million Share Sale Program to Bolster Balance Sheet
Updated
Updated · PR Newswire · Jun 18
BTQ Technologies Launches C$150 Million Share Sale Program to Bolster Balance Sheet
3 articles · Updated · PR Newswire · Jun 18
Summary
BTQ Technologies set up an at-the-market equity program that allows it to sell up to C$150 million of common shares on Nasdaq, Cboe Canada and other permitted markets.
The company said any proceeds would go to working capital, balance-sheet strengthening, operational flexibility and potential future acquisitions.
Cantor Fitzgerald Canada and Cantor Fitzgerald & Co. will act as agents, but they are not required to sell a set amount and BTQ may halt sales below a price it specifies.
There is no minimum raise and no assurance any shares will be sold; the timing and volume of any issuance will depend on market prices and BTQ's discretion until the program ends or the shelf prospectus expires.