The TSX-listed company will raise approximately $20 million through a treasury and secondary share sale underwritten by a syndicate.
iFabric Corp. (TSX: IFA) announced a $20 million bought-deal offering, comprising treasury and secondary shares. The agreement involves a syndicate of underwriters led by Beacon Securities Limited.
The offering follows standard market practices for capital raises, though prior deal sizes or consensus expectations were not disclosed. The company did not provide additional details on the use of proceeds or timing of completion.
No immediate market reaction was specified in the announcement.