IPO - Dakota Gold Corp.

Form Type: 8-K

Filing Date: 2025-03-24

Corporate Action: Ipo

Type: New

Accession Number: 000110465925027324

Filing Summary: On March 20, 2025, Dakota Gold Corp. entered into an underwriting agreement with BMO Capital Markets Corp. for the issuance and sale of 12,400,000 shares of its common stock at an offering price of $2.83 per share. The agreement grants underwriters an option to purchase an additional 1,860,000 shares within 30 days. The offering is made under a registration statement on Form S-3 and is expected to close on March 24, 2025. The estimated net proceeds from the offering are approximately $32.65 million, intended for working capital and general corporate purposes.

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Form Type: 424B5

Filing Date: 2025-03-20

Corporate Action: Ipo

Type: New

Accession Number: 000110465925026178

Filing Summary: Dakota Gold Corp. is offering shares of its common stock with a par value of $0.001 per share, following a registration statement filed with the SEC under Rule 424(b)(5). The offering aims to raise capital for working and general corporate purposes, with the last reported sale price on March 20, 2025, at $3.07 per share. The company has applied for listing on the NYSE American under the ticker symbol 'DC' and has granted underwriters a 30-day option to purchase additional shares. Details regarding underwriting commissions and discounts were highlighted, along with a cautionary note regarding the speculative nature and risks associated with investment in common stock. Potential investors are advised to review various risk factors outlined both in the prospectus supplement and previous reports. Dakota Gold Corp. was formed in British Columbia in 2017 and reincorporated in Delaware in 2024, focusing on mineral properties in the Homestake Gold District of South Dakota, currently at the exploration stage.

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