Nano One Materials announces at-the-market offering

Nano One entered into an equity distribution agreement with Canaccord Genuity Corp. and Roth Canada to establish an at-the-market equity issuance program. Pursuant to the Distribution Agreement, the Company may distribute up to C$15,000,000 of common shares in the capital of the Company, from time to time through the Agents, subject to the approval of the Toronto Stock Exchange. The ATM Program is being established pursuant to a prospectus supplement dated the date hereof to the Company’s short form base shelf prospectus dated April 26, 2024, each filed with the securities regulatory authorities in all the provinces of Canada. Sales, if any, will be made as “at-the-market distributions” as defined in NI 44-102 – Shelf Distributions, including sales made directly on the TSX or any other Canadian “marketplace,” at the prevailing market price at the time of sale; as such, prices may vary among purchasers and over time. The ATM Program will be effective until the earliest of: April 27, 2026; the issuance and sale of all of the Offered Shares subject to the Distribution Agreement by the Agents; the receipt of notice from the British Columbia Securities Commission that the Base Shelf Prospectus has ceased to be effective in accordance with applicable Canadian securities laws; and termination of the Distribution Agreement in accordance with its terms. The Company currently intends to use the net proceeds, if any, to fund ongoing operations. The Company may re-allocate the net proceeds of the ATM Program from time to time, giving consideration to its strategy relative to the market, development and changes in the industry and regulatory landscape, as well as other conditions relevant at the applicable time.