Saturday, September 6, 2025

Namaste Technologies Looks To Raise $10.2 Million In Bought Deal Financing

When it comes to capital raises, it appears the market is quite frothy. Namaste Technologies (TSXV: N) last night was one of the latest firms to announce a financing, with the company looking to conduct a bought deal financing. The financing will look to raise a total of $10.2 million for the company.

Namaste Technologies Logo

Under the terms of the financing, Namaste will see units of the company sold at $0.35 a piece, with each unit consisting of one common share and one common share purchase warrant, with a total of 29.0 million units slated to be sold. Each warrant has an expiry of three years from the date of issue, while having an exercise price of $0.47 per share. An over-allotment option has also been granted under the financing.

Net proceeds from the financing are to be used for working capital and general corporate purposes.

The financing is anticipated to close by January 19, 2021.

Namaste Technologies last traded at $0.415 on the TSX Venture.


Information for this briefing was found via Sedar and Namaste Technologies. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

Namaste Technologies Posts Third Consecutive Quarter of Declining Revenues

Namaste Technologies (TSXV: N) posted their third straight quarter of declining revenues this week, recognizing...

Thursday, October 31, 2019, 10:21:49 AM

Namaste Technologies: An Expensive Acquisiton

Namaste Technologies (TSXV: N, N.WT OTCMKTS: NXTTF) investors have had quite the rollercoaster ride as...

Wednesday, October 10, 2018, 01:00:31 PM

Zenabis Reportedly Signs Arrangement With Choklat, Namaste Walks

It appears that the recent troubles experienced between Namaste Tech (TSXV: N) and its 49%...

Saturday, June 20, 2020, 08:00:00 AM

Namaste Technologies: The Nasdaq Question

Namaste Technologies (TSXV: N, N.WT OTCMKTS: NXTTF) investors had a rough day yesterday, with the...

Wednesday, October 3, 2018, 07:00:49 AM

Namaste Posts First Quarter Revenues of $5.3 Million, Net Loss of $7.4 Million

Namaste Technologies (TSXV: N) this morning published its first quarter 2020 financial results, revealing its...

Wednesday, June 10, 2020, 09:57:37 AM