Saturday, May 31, 2025

Latest

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.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Namaste Tech To Acquire Remaining Portion Of CannMart Labs For $4.0 Million

Namaste Technologies (TSXV: N) announced this morning that it has entered into an arrangement to...

Wednesday, November 18, 2020, 07:54:00 AM

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

Is Namaste Technologies back?

Namaste Technologies (TSX.V: N) was the number one traded TSX Venture stock yesterday by volume,...

Friday, September 6, 2019, 05:00:54 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

Namaste, Ignite International Terminate Canadian Distribution Agreement

It appears that Ignite International Brands (CSE: BILZ) can’t keep a Canadian partner no matter...

Sunday, October 4, 2020, 03:28:00 PM