Mr. Sean Krakiwsky reports
NANALYSIS ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT
Nanalysis Scientific Corp. intends to complete a non-brokered private placement of up to 16,666,667 units of the company at a price of 15 cents per unit for aggregate gross proceeds of up to $2.5-million. Net proceeds of the offering will be used for debt reduction.
Each unit will consist of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one share at an exercise price of 20 cents per share at any time up to 4 p.m. Calgary time on or before the date that is two years from the closing date of the offering.
The warrants will be subject to an acceleration provision. If, at any time prior to the expiry of the warrants, the closing price of the shares on the TSX Venture Exchange equals or exceeds 30 cents for any 10 consecutive trading days, the company may, at its option, accelerate the expiry date of the warrants to the date that is 30 days after the company provides notice of or issues a press release announcing such acceleration. Any warrants remaining unexercised after the accelerated expiry date will automatically expire, and all rights of the holders of such warrants will terminate without compensation.
Completion of the offering is subject to the acceptance of the TSX Venture Exchange and other customary closing conditions. The offering may close in one or more tranches, with the initial closing anticipated to occur on or about Dec. 15, 2025. The units and all securities underlying the units will be subject to a statutory hold period of four months and one day from their date of issue in accordance with applicable securities laws.
About Nanalysis Scientific Corp.
Nanalysis develops and manufactures portable nuclear magnetic resonance spectrometers used worldwide in pharma, biotech, energy, food, materials and security industries, as well as in academic and government labs. The company also operates a growing service division that maintains both its own products and third party imaging equipment, anchored by a $160-million long-term contract with the Canadian Air Transport Security Authority to maintain security scanners at more than 80 Canadian airports.
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