The Toronto Stock Exchange reports that TeraGo Inc. will issue one right per common share of the company held at the close on Sept. 23, 2025. According to the TSX, one right and 84 cents will entitle the holder to acquire one share of the company.

The TSX reports that the rights will begin trading at the open on Sept. 23, 2025, under the symbol TGO.RT and with Cusip No. 88079F 11 5. The company's shares will trade ex rights at the same time.

Trading in the rights will end at 12 p.m. Toronto time on Oct. 15, 2025. The rights will expire at 5 p.m. Toronto time and delisted at the close on the same day. Trades from the open to 12 p.m. Toronto time on Oct. 15, 2025, will settle on the same day.

For more information, see the company's rights offering circular and rights offering notice, each dated Sept. 11, 2025, available on SEDAR+.

The TSX notes that the refinanced facility (as defined in the circular) is conditional on the company securing $12-million in financing from the completion of the rights offering and the concurrent private placement (as defined in the circular). At this time, only $5.2-million has been currently committed in connection with the standby commitment (as defined in the circular) for the rights offering. As a result, the company must raise a minimum additional $6.8-million from the concurrent private placement and the rights offering to close the recapitalization transactions (as defined in the circular).

If the company does not raise this additional amount, the standby purchase agreements (as defined in the circular) will be terminated. If the company does not receive the funds from the standby purchasers (as defined in the circular) pursuant to such termination, the rights offering will not be completed. If the rights offering were not to be completed, although any subscription payments paid in connection with the exercise of rights would be returned promptly to subscribers by the subscription agent (as defined in the circular) without interest or deduction, any person who had purchased rights in the market would lose the entire purchase price paid to acquire such rights.