Li-FT Power Provides Financing Update
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, British Columbia, Jan. 22, 2026 (GLOBE NEWSWIRE) -- Li-FT Power Ltd. ("LIFT" or the "Company") (TSXV:LIFT) (OTCQX:LIFFF) (Frankfurt: WS0) is pleased to provide updates as to its previously announced offerings outlined in its joint press release with Winsome Resources Limited ("Winsome") issued on December 15, 2025 (Perth time) (the "Initial Press Release").
As outlined in the Initial Press Release, in connection with the Company's proposed acquisition of Winsome, the Company entered into agreements with Canaccord Genuity Corp., as lead underwriter and sole-bookrunner on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to raise aggregate gross proceeds of approximately C$40 million (the "Offerings"), consisting of:
The Subscription Receipt Offering
3,876,000 "flow-through" subscription receipts of LIFT (the "FT Subscription Receipts") at a price of C$6.45 (the "FT Issue Price") for gross proceeds of C$25,000,200; and
1,162,800 subscription receipts of LIFT (the "Non-FT Subscription Receipts", and together with the FT Subscription Receipts, the "Subscription Receipts") at a price of C$4.30 (the "Non-FT Issue Price") for gross proceeds of C$5,000,040.
The Non-Subscription Receipt Offering
775,200 "flow-through" common shares of LIFT (the "FT Shares") at the FT Issue Price for gross proceeds of C$5,000,040; and
1,162,800 common shares of LIFT (the "Non-FT Shares", and together with the FT Shares, the "Shares") at the Non-FT Issue Price for gross proceeds of C$5,000,040.
Additionally, in connection with (i) the offering of the Subscription Receipts, LIFT granted the Underwriters an option to sell up to C$4,500,000 of additional Subscription Receipts, in any combination as agreed to between LIFT and the Underwriters, at the applicable offering prices; and (ii) the offering of the Shares, LIFT granted the Underwriters an option to sell up to C$2,000,000 of ...
