CryptoStar (CSTR:CA) Extends Private Placement Closing to February 2026 with $2.25M Target
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Private Placement Extension: CryptoStar announced it has applied to the TSX to extend the closing date of its non-brokered private placement to February 13, 2026, demonstrating the company's flexibility in financing timing.
- Funding Size and Pricing: The offering will include units and common shares priced at $0.015 each, with gross proceeds expected to reach $2.25 million, aimed at supporting the company's operations and expansion.
- Subscription Plan: A.C.N. 117 402 838, equally owned by CEO David Jellins and CCO Amelia Jones, plans to subscribe for up to 102.6 million shares in the offering, indicating management's confidence in the company's future growth.
- Use of Funds: CryptoStar intends to use the proceeds for business operations, expanding digital infrastructure, and exploring opportunities in HPC and AI data centers, aiming to enhance the company's competitiveness in the rapidly evolving tech sector.
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.
