On April 3, 2024, Carolina Rush Corporation completed a best efforts brokered private placement of 16,135,000 units at a price of $0.20 per unit for gross proceeds of approximately $3.2 million, which included the exercise of the agents’ over-allotment option.
The offering was led by a syndicate of agents, with Paradigm Capital Inc. as lead agent and sole bookrunner, and including PI Financial Corp., and Research Capital Corporation.
Cassels acted for the agents.