IPO - Ivanhoe Electric Inc.

Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000110465925014242

Filing Summary: On February 14, 2025, Ivanhoe Electric Inc. completed the closing of a public offering of 11,794,872 units, each unit consisting of one share of common stock and one warrant to purchase one share of common stock, at a public offering price of $5.85 per unit. The offering yielded approximately $66 million in net proceeds due to the Underwriter’s full exercise of the option to purchase additional units. Each warrant is exercisable until February 14, 2026, at an exercise price of $7.00 per share. Ivanhoe Electric also entered into a warrant agent agreement with Computershare Inc. for the management of the warrants. Executive Chairman Robert Friedland purchased 816,667 units during the offering.

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Form Type: 424B5

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000110465925012262

Filing Summary: Ivanhoe Electric Inc. filed a prospectus supplement for an initial public offering (IPO) to offer 10,256,411 units at a public offering price of $5.85 per unit. The offering aims to raise gross proceeds of $60 million. Each unit consists of one share of common stock and one warrant, with the common stock and warrants immediately separable. The warrants entitle holders to purchase one share of common stock at an exercise price of $7.00 per share for 12 months after the offering closes. The report notes potential liquidity issues for the warrants as there is no established public trading market for them. Executive Chairman Robert Friedland is expected to purchase approximately 816,667 units in this offering. The document also includes details about underwriting discounts, options for additional units, and delivery timelines. There are extensive discussions about the company’s operations, particularly focusing on sustainable mining projects, exploration efforts in the U.S., and collaborative ventures for mineral resource exploration.

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Form Type: 8-K

Filing Date: 2025-02-12

Corporate Action: Ipo

Type: New

Accession Number: 000110465925012192

Filing Summary: On February 12, 2025, Ivanhoe Electric Inc. entered into an Underwriting Agreement with BMO Capital Markets Corp. for a public offering of 10,256,411 units, each consisting of one share of common stock and one warrant to purchase one share of common stock. The public offering price is set at $5.85 per unit, with warrants having an exercise price of $7.00 per share, immediately exercisable and expiring one year from issuance. The Underwriter has a 30-day option to purchase up to 1,538,461 additional units and shares at a reduced price. Net proceeds are expected to be approximately $57 million, or $66 million if the option is fully exercised. Funds from the offering will be allocated for a feasibility study on the Santa Cruz Project, land acquisition, drilling and exploration activities, and general working capital. The offering is expected to close on February 14, 2025, subject to standard closing conditions.

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Form Type: 424B5

Filing Date: 2025-02-11

Corporate Action: Ipo

Type: New

Accession Number: 000110465925011532

Filing Summary: Ivanhoe Electric Inc. is offering $50,000,000 worth of units, each consisting of one share of common stock and one warrant to purchase one share of common stock, facilitated through a preliminary prospectus supplement. The offer will raise gross proceeds of $50 million with an interest indicated by Executive Chairman Robert Friedland to purchase up to $10 million in units. This offering is part of their strategy to support American supply chain independence by focusing on critical metals necessary for electrification, particularly copper. The document highlights the company’s commitment to sustainable development and mentions their major mineral project, the Santa Cruz Project in Arizona, which features robust infrastructure and promising mineral assessments. The prospectus covers the risks associated with investing in these units, the non-existence of a public trading market for the warrants, and detailed information regarding the underlying securities being offered. It outlines the intended use of proceeds, management’s exploration activities, and potential risks associated with the investments, reflecting a high degree of operational and financial ambitions.

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