Quarterhill raises C$35M in bought deal to fund acquisitions
What's the deal? QuarterhillDealroom has a profile for this one. Try Dealroom → has raised C$35 million through a bought deal private placement, selling 14,113,000 common shares at C$2.48 each. ATB Cormark Capital MarketsDealroom has a profile for this one. Try Dealroom → and Roth CanadaDealroom has a profile for this one. Try Dealroom → acted as co-lead underwriters and joint bookrunners on behalf of a syndicate.
What does it do? The Toronto-listed company operates in the Intelligent Transportation System (ITS) industry, building smart infrastructure that aims to reduce congestion, improve roadway safety, and support more sustainable travel. Its platforms process billions of transactions and inspect millions of commercial vehicles each year.
What's the money for? Quarterhill intends to use net proceeds for general corporate purposes, working capital, and growth initiatives, including future acquisitions.
What's next? The underwriters hold an option to buy up to an additional 15% of the shares at the same price, exercisable up to 48 hours before closing. If exercised in full, that would add roughly C$5.25 million, lifting total proceeds to about C$40.25 million.
The offering is expected to close on or about September 16, 2026, subject to regulatory approvals, including conditional approval from the Toronto Stock Exchange. Shares carry a four-month hold period in Canada from the closing date.
The signal: At C$35 million, the raise sits in the 90th percentile of non-VC private placements over the trailing 48 months — a sizeable bet on consolidation in the transportation infrastructure sector.
Read more: stockwatch.com
Image credit: OregonDOT
