Mr. Robert Munro reports
CHRYSALIS 12 COMPLETES MAXIMUM IPO; EFFORTS NOW FOCUSED ON IDENTIFYING A SUPERIOR PRIVATE COMPANY TO ACQUIRE
Chrysalis 12 Inc. has completed an initial public offering (IPO) of the maximum six million common shares at a price of 10 cents per share for gross proceeds of $600,000.
It is anticipated that the common shares of the corporation will commence trading on the TSX Venture Exchange Oct. 3, 2025, under the stock symbol RTO.P.
"We are committed, alongside our partners, to leveraging our full resources and expertise to identify a high-growth private company and guide it through a successful public listing," commented Robert Munro, chief executive officer of the corporation. "As one of only a few CPCs to list in the past few years, we are exceptionally well positioned to deliver value to our shareholders."
When combined with the cash proceeds raised prior to the IPO, the corporation has raised total gross proceeds of $900,000 and has a total of 12 million common shares issued and outstanding, of which six million are currently held in escrow pursuant to the policies of the exchange. In connection with completion of the IPO, the corporation will grant stock options to the directors and officers of the corporation, exercisable to acquire up to an aggregate of 1.2 million common shares at an exercise price of five cents per option which options shall expire 10 years following the grant of the options.
The net proceeds of the offering, together with the proceeds from prior sales, will be used by the corporation to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction.
Canaccord Genuity Corp. acted as agent for the initial public offering. In connection with the offering, the corporation granted to the agent and its selling group non-transferable warrants to acquire up to an aggregate of 600,000 common shares. Each agent's warrant is exercisable to acquire one common share at a price of 10 cents for a period of five years following the date that the common shares are listed on the exchange. In connection with the offering, the agent also received a cash commission and an administration fee.
The current directors and officers of the corporation are: Robert Munro, chief executive officer, president, chief financial officer and director; Tyler Lang, director; Derek Ham, director; and Jason A. Saltzman, director and corporate secretary.
For further information please see the corporation's prospectus dated July 31, 2025, available under the corporation's profile on the SEDAR+ website.
About Chrysalis 12 Inc.
Chrysalis 12 is the 12th CPC formed by The Chrysalis Capital Group Inc. (TCCG), a recognized leader in the CPC ecosystem. TCCG strives to deliver sustained, superior value to shareholders through the creation of a series of high-calibre CPCs. Backed by a network of industry veterans, TCCG brings strategic insight, disciplined execution and a commitment to excellence to every transaction.
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