Quarterhill prices bought-deal private placement at $2.48 per share for $35 million gross proceeds

Reuters2026/08/26 21:08

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Quarterhill launched a bought-deal private placement of 14,113,000 common shares at $2.48 per share for gross proceeds of $35 million.
Underwriters hold a 15% option to buy additional shares, lifting total gross proceeds to about $40.25 million if fully exercised.
Net proceeds earmarked for general corporate purposes, working capital, growth initiatives, future acquisitions.
Closing expected around Sept. 16, 2026, subject to regulatory clearances including conditional TSX approval.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quarterhill Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202608261707CANADANWCANADAPR_C3028) on August 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Quarterhill prices bought-deal private placement at $2.48 per share for $35 million gross proceeds

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