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Carrier Connect Data Solutions Increases Private Placement Size Due to Market Demand
Vancouver, British Columbia — May 27, 2025 — NewsWall — Carrier Connect Data Solutions Inc. (TSXV:CCDS) announced it has increased the size of its previously announced non-brokered private placement due to market demand.
The company issued 2,000,000 units at $0.50 per unit, resulting in aggregate gross proceeds of $1,000,000. Each unit consists of one common share and one transferable share purchase warrant. Each warrant allows the holder to acquire one additional common share at $0.65 per share until May 27, 2027.
The company can accelerate the warrant expiry date if its common shares close at $0.85 or higher for 10 consecutive trading days after warrant issuance. After the company announces this acceleration via press release, the warrants will expire 30 days following the notice.
In connection with the offering, the company paid $23,695 and issued 47,390 non-transferable share purchase warrants to brokerage firms that helped introduce subscribers to the offering. Each broker warrant is exercisable at $0.50 until May 27, 2026.
All securities issued under the offering are subject to resale restrictions until September 28, 2025, per applicable securities laws. Proceeds from the offering will be used for working capital and general corporate purposes.
Carrier Connect Data Solutions Inc. operates a Tier II/III data center in downtown Vancouver, specializing in co-location and data center solutions for service providers, enterprises, and small businesses. The company's systems are fully independent and owned outright within its leased space. The primary market is the Vancouver Metropolitan Area.
Mark Binns, CEO
For further information, please contact: Mark Binns, CEO, Email: mark@carrierconnectds.com