Ivanhoe Electric (IE) prices 11.85M share offering at $13.50, expects ~$153M net proceeds

Ivanhoe Electric Inc.

Offering of 11,851,852 shares at $13.50/share; underwriters have 30-day option for 1,777,777 additional shares.
Expected net proceeds of ~$153M (or ~$176M if overallotment exercised) for Santa Cruz feasibility study, drilling, working capital.
Underwriting agreement with BMO Capital Markets and J.P. Morgan; closing expected September 18, 2023.
Shelf registration statement filed under Form S-3 (No. 333-273195) effective July 10, 2023, supplemented by final prospectus.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

Ivanhoe Electric Inc. entered into Underwriting Agreement with BMO Capital Markets Corp. and J.P. Morgan Securities LLC, as representatives of the several underwriters valued at public offering of 11,851,852 shares of common stock at $13.50 per share; net proceeds expected to b (effective 2023-09-14).

Action: entry
Agreement: underwriting
Counterparty: BMO Capital Markets Corp. and J.P. Morgan Securities LLC, as representatives of the several underwriters
Value: public offering of 11,851,852 shares of common stock at $13.50 per share; net proceeds expected to b
Effective: 2023-09-14

Exact text from the filing

On September 14, 2023, Ivanhoe Electric Inc. (the " Company ") entered into an Underwriting Agreement (the " Underwriting Agreement ") with BMO Capital Markets Corp. and J.P. Morgan Securities LLC, as representatives of the several underwriters listed on Schedule I thereto (the " Underwriters "), related to a public offering (the " Offering ") of 11,851,852 shares of common stock of the Company, par value $0.0001 per share (" Common Stock ") at a public offering price of $13.50 per share.

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Ivanhoe Electric Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-100843

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