HydroGraph ups bought deal to C$61.2 million, with up to C$9.18 million over-allotment option

HydroGraph Clean Power Inc. increased the size of its previously announced bought-deal public offering to C$61.2 million from C$50 million after what it described as investor demand. Under amended terms with sole underwriter and bookrunner Canaccord Genuity Corp., the company agreed to sell 9,000,000 units at C$6.80 each. Each unit includes one common share and one-half of one common share purchase warrant, with each whole warrant exercisable at C$8.16 for 60 months after closing. HydroGraph also granted an over-allotment option for up to 1,350,000 additional units, which could add as much as C$9.18 million in gross proceeds if exercised within 30 days after the closing date. The company said net proceeds are expected to fund business development activities, expansion of American facilities, working capital and general corporate purposes. The offering is expected to close on or about Aug. 25, 2026, subject to customary conditions and regulatory approvals including acceptance by the Canadian Securities Exchange.

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