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TerraVest Industries Inc. Announces Increase to Previously Announced Bought Deal Offering of Common Shares From $240 Million to $279 Million

TerraVest Industries Inc. Announced on May 16, 2025, an increase to its bought deal offering of 1,740,000 common shares in Toronto, Canada.
The increase follows strong investor demand and a revised agreement to raise the offering size from $240 million to approximately $279 million.
The company will sell its shares at $160.30 each to a group of underwriters, with National Bank, Canaccord Genuity, and Desjardins serving as joint lead managers for the offering.
If the underwriters exercise the over-allotment option to buy 261,000 additional shares, the company could receive extra gross proceeds of $41,838,300.
This offering, expected to close around May 23, 2025, is subject to regulatory approvals and supports TerraVest’s strategy as a diversified industrial manufacturer of energy-related products.

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TerraVest Industries Inc. Announces Increase to Previously Announced Bought Deal Offering of Common Shares From $240 Million to $279 Million

BASE SHELF PROSPECTUS ACCESSIBLE AND PROSPECTUS SUPPLEMENT TO BE ACCESSIBLE WITHIN TWO BUSINESS DAYS OF THE ANNOUNCEMENT OF THE OFFERING ON SEDAR+ NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, May 16, 2025 (GLOBE NEWSWIRE) -- TerraVest Industries Inc. (TSX:TVK) ("TerraVest" or the "Company") is pleased to announce, that as a result of strong investor demand, it has entered into a revised agree…

3 days ago·New York, United States

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