Stack Capital Group Inc. Welcomes New Warrant Listing on TSX
Exciting News from Stack Capital Group Inc.
In a recent announcement, Stack Capital Group Inc. (TSX: STCK) has informed investors about an important development: the Toronto Stock Exchange (TSX) has accepted for the listing of 757,948 common share purchase warrants. This marks a significant milestone for the company, as it continues to expand and strengthen its market presence.
Understanding the New Warrants
The newly listed Warrants were initially issued as part of a private placement in two separate tranches, contributing to the issuance of a total of 1,515,908 units of Stack Capital. Each unit comprises one common share and half a Warrant, which were part of a conclusion reached in late 2024. The TSX has slated the effective trading of these Warrants under the symbol “STCK.WT.A”, starting on a Monday, making this a pivotal moment for investors looking to engage with Stack Capital.
Details of the Warrant Offering
Each Warrant, which is identified by the CUSIP 85236X153 and ISIN CA85236X1539, allows the holder to purchase one common share of Stack Capital at an exercise price of $11.00 per Warrant Share. This opportunity to acquire shares can be exercised at any time before the deadline, ensuring flexibility and potential value for investors.
Warrant Indenture Insights
The issuance of these Warrants follows a warrant indenture agreement that Stack Capital established with Computershare Trust Company of Canada. This document outlines the specific terms and conditions related to the Warrants, thereby providing clarity and enhancing investor confidence in the offering.
About Stack Capital Group Inc.
Stack Capital is not just an ordinary investment holding company; it prides itself on its strategic approach to investing in a diverse range of growth-to-late-stage private businesses. This unique investment portfolio offers shareholders an opportunity to participate in the private market while enjoying the liquidity that comes from having its common shares listed on the TSX. With a focus on high-growth businesses, Stack Capital positions itself uniquely, providing access to investment prospects that are typically out of reach for regular Canadian investors.
Team Behind Stack Capital
SC Partners Ltd. has played a crucial role in establishing Stack Capital and continues to support its operations as the company’s administrator. This dedicated partnership ensures that Stack Capital can effectively source, advise, and manage investments, valuing both growth potential and long-term performance.
Contact and Further Information
For those interested in learning more about the company’s vision and investment opportunities, a wealth of information is available on the official website. Stakeholders can also reach out directly to Brian Viveiros, VP of Corporate Development and Investor Relations, at 647.280.3307 or via email for any inquiries. Engaging with the company’s representatives provides valuable insights into the objectives and operations of Stack Capital.
Frequently Asked Questions
What are the newly listed warrants from Stack Capital?
The newly listed warrants are options for investors to purchase common shares of Stack Capital at a set price before a specified date.
When can these warrants be traded?
Trading of the warrants will commence on the TSX under the symbol 'STCK.WT.A', making them available for investors shortly.
What is the exercise price of the warrants?
The exercise price is set at $11.00 per Warrant Share, allowing investors to acquire shares at this price until the deadline.
Who is Stack Capital's administrator?
SC Partners Ltd. acts as the administrator for Stack Capital, handling various aspects of investment management.
How does Stack Capital benefit its investors?
Stack Capital offers a unique opportunity to invest in a diversified portfolio of growth-stage private businesses, allowing for potential higher returns.
About The Author
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