NanoXplore Inc. Closes $25.7 Million Bought Deal Equity Private Placement
Counsel to the Underwriters regarding a $25.7 million bought deal equity private placement by NanoXplore Inc.
Led by
Team Members
On October 30, 2025, NanoXplore Inc. (TSX:GRA) (the “Company”) announced that it completed a bought deal private placement for gross proceeds of $25,728,840, which includes a partial exercise of the underwriters’ option. The Company sold 10,720,350 common shares at a price of $2.40 per share. The offering was conducted by a syndicate of underwriters co-led by Ventum Financial Corp., as sole bookrunner, and Cormark Securities Inc., and which included National Bank Financial Inc., RBC Dominion Securities Inc., Paradigm Capital Inc. and Raymond James Ltd.
The Company, which is headquartered in Montreal, Québec and has manufacturing facilities in Canada, the United States and Europe, provides standard and custom graphene-enhanced plastic and composite products to various customers in transportation, packaging, electronics, and other industrial sectors. The Company is also a silicon‑graphene-enhanced Li-ion battery manufacturer for the Electric Vehicle and grid storage markets. The Company intends to use the net proceeds of the offering to support future growth by investing in dry graphene expansion, and for general corporate and working capital purposes.
The offering was completed pursuant to the “listed issuer financing” exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.
Miller Thomson advised the underwriters with a team comprised of Geoff Clarke, Jonathan Tong, Mack Hosseinian, Florind Polo, Jennifer Jeong (Securities & Capital Markets), Karen Durell and David Bailey (Intellectual Property) along with the assistance of Radhapriya Chawla, Jacqueline Rintjema and Kobi Rosoph (Articling students).