Quarterhill closes C$51.7M bought deal private placement
On September 16, 2026, Quarterhill Inc. ("Quarterhill") closed its previously announced "bought deal" private placement of 20,867,100 common shares, which includes the exercise in full of the underwriters' option, at a price of C$2.48 per share, for aggregate gross proceeds of C$51.75 million.
The offering was conducted by a syndicate of underwriters co-led by ATB Cormark Capital Markets and Roth Canada, Inc. Quarterhill intends to use the net proceeds for general corporate purposes, working capital, repayment of debt obligations, and to fund growth initiatives, including future acquisitions.
Quarterhill, headquartered in Toronto, Ontario, operates in the Intelligent Transportation System ("ITS") industry, providing technology to transportation agencies for traffic management and for compliance and safety inspection of commercial vehicles.
McCarthy Tétrault LLP advised ATB Cormark Capital Markets and Roth Canada, Inc. with a team led by Nancy Choi that included Khristoff Browning (Business Law), James C. Parker (Technology), Vincent Yip (Intellectual Property), Jeff Sun (Intellectual Property), Nora Delahaye (Articling Student), and Omar Berih (Summer Student).
