CoTec Holdings Corp. Announces Upsize to Life Offering for Gross Proceeds, Together With Its Previously Announced Private Placement, of up to $14 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 08 2025
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Source: Yahoo Finance
Financing Increase Announcement: CoTec Holdings Corp. has increased its financing from $5 million to $9 million due to strong investor demand, offering up to 11,538,461 units at $0.78 each, which includes common shares and purchase warrants.
Use of Proceeds: The net proceeds from the offering will be allocated to funding design and engineering at HyProMag USA LLC, a drilling program at Lac Jeannine, investment obligations, and general corporate purposes.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
