Connect with us

Technology

TERAGO Closes Private Placement of Warrants

Published

on

TORONTO, April 14, 2025 /CNW/ – TERAGO Inc. (“TERAGO” or the “Company”) (TSX: TGO) (https://terago.ca/), Canada’s 91% mmWave spectrum holder and a leading provider of Managed Fixed Wireless Internet, 5G Private Wireless Networks and SD-WAN solutions is pleased to announce, further to its news release dated March 31, 2025,  that it has closed a private placement (the “Private Placement”) of 800,000 common share purchase warrants (each, a “Warrant”, and collectively, the “Warrants”) pursuant to the terms of a Second Amendment to the Credit and Guaranty Agreement (the “Amending Agreement”), between the Company, Crowdout Capital LLC, and Cymbria Corporation (“Cymbria“), which amended certain terms of the previously executed Credit and Guaranty Agreement dated as of September 29, 2022 (as amended by that certain First Amendment to the Credit Agreement dated as of May 29, 2024).

In connection with the Amending Agreement, and providing the Company with the Second Amendment Term Loan (as defined in the Amending Agreement) in the aggregate principal amount of USD$2,000,000, the Company issued 800,000 Warrants to Cymbria.

Each Warrant, entitles Cymbria to subscribe for and purchase, one fully paid common share in the capital of the Company (each, a “Common Share”), until 5:00 p.m. (Toronto time) on March 30, 2028, at a price per Common Share as follows:

200,000 Warrants at a price per Common Share of $2.50;200,000 Warrants at a price per Common Share of $2.00;200,000 Warrants at a price per Common Share of $1.50; and200,000 Warrants at a price per Common Share of $1.06.

The Company intends to use the debt proceeds to fund capital expenditures, other related transaction fees and expenses, and general corporate working capital purposes.

As EdgePoint Investment Group Inc., the portfolio manager of Cymbria, is a related party of the Company, the issuance of the Warrants under the Private Placement constituted a “related party transaction” within the meaning of Multilateral Instrument 61- 101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and was subject to the formal valuation and minority approval requirements thereof, as applicable, unless an exemption was available. The Company relied on the exemptions in Sections 5.5(a) and 5.7(1)(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101 for the Private Placement.

The securities issued under the Private Placement will be subject to a hold period under applicable securities laws in Canada expiring four months and one day after the closing of the Private Placement.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

About TERAGO
TERAGO provides managed network and security services to businesses across Canada. ensuring highly secure, reliable, and redundant connectivity including private 5G wireless networks, Fixed Wireless access, fiber, and cable wireline network connectivity. As Canada’s biggest mmWave spectrum holders, the Company possesses spectrum licenses in the 24 GHz and 38 GHz spectrum bands, which it utilizes to provide secure, dedicated SLA guaranteed enterprise grade performance that is technology diverse from buried cables ensuring high availability connectivity services. TERAGO serves over 1,800 Canadian and Global businesses operating in major markets across Canada, including Toronto, Montreal, Calgary, Edmonton, Vancouver, Ottawa and Winnipeg, and has been providing wireless services since 1999. For more information about TERAGO and its suite of wireless internet and SD-WAN solutions, please visit www.terago.ca.

Forward-Looking Statements
This news release may contain words considered forward-looking statements or information under applicable securities laws, including but not limited to the use of proceeds of the Private Placement. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond TERAGO’s control. All such statements constitute “forward-looking information” as defined under, applicable Canadian securities laws. Any statements contained herein that are not statements of historical facts constitute forward-looking information. The forward-looking statements reflect the Company’s views with respect to future events and are subject to risks, uncertainties and assumptions, including those risks set forth in the “Risk Factors” section in the Annual Information Form for the year ended December 31, 2024 and risks set forth in the “Financial Risk Management” section in the annual MD&A of the Company for the year ended December 31, 2024 available on www.sedarplus.ca and under the Company’s corporate profile. Factors that could cause actual results or events to differ materially include the inability to consistently achieve sales growth across all lines of TERAGO’s business including managed services, inability to complete successful 5G technical trials, the results of the 5G trials not being satisfactory to TERAGO or any of its technology partners, regulatory requirements may delay or inhibit the trial, the economic viability of any potential services that may result from the trial, the ability for TERAGO to further finance and support any new market opportunities that may present itself, and industry competitors who may have superior technology or are quicker to take advantage of 5G technology. Accordingly, readers should not place undue reliance on forward-looking statements as several factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed with the forward-looking statements. Except as may be required by applicable Canadian securities laws, TERAGO does not intend, and disclaims any obligation, to update or revise any forward-looking statements whether in words, oral or written as a result of new information, future events or otherwise.

SOURCE TeraGo Inc.

Continue Reading

Technology

Real Estate Expert Matt Nuzie Explains Buying and Selling a Home at the Same Time

Published

on

By

The article explains how homeowners can plan their finances, decide whether to buy or sell first, and coordinate closing dates when moving from one home to the next.

TRUMBULL, Conn., Nov. 9, 2026 /PRNewswire/ —

KEY HIGHLIGHTS 

Selling a current home first brings financial certainty, while buying first offers more flexibility with the move. Mortgage options and home sale contingencies often determine how homeowners can manage two transactions at once. Building a cushion into closing dates and setting aside extra savings helps homeowners handle delays without added pressure. 

How can homeowners manage buying and selling a home at the same time? A HelloNation article provides the answer, featuring insights from Matt Nuzie, Real Estate Expert with REMAX Right Choice in Trumbull, Connecticut. The newly published article explains how financial planning, mortgage options, and closing dates affect both sides of the move. 

Should You Buy or Sell Your Home First? 

The article explains that selling your current home first gives homeowners certainty. Once the sale closes, they know exactly what they have for a down payment and a price range. 

Selling first also removes the risk of carrying two homes. The trade-off is that homeowners may need temporary housing, storage, or two moves. 

Buying a new home first lets homeowners move on their own schedule. The article notes that it can mean covering two mortgage payments, property taxes, insurance, and utilities, so a conversation with a lender should come before any offer. 

How Do Mortgage Options Affect Buying and Selling? 

According to the article, mortgage options often decide the order. Some buyers need the equity from their current home for a down payment, while others qualify for financing that lets them buy before selling. 

Matt Nuzie recommends reviewing income, savings, and the current mortgage with a lender before touring homes.  A home sale contingency makes a purchase dependent on selling the buyer’s current home. It offers protection, but many sellers prefer offers without one when they have several to choose from. 

Why Are Closing Dates Important? 

Matt Nuzie notes that scheduling both closings close together lets homeowners move directly from one home to the next. 

Closings can be delayed for ordinary reasons, such as a lender’s request for documents or an inspection issue, so building in some breathing room is wise. 

A rent-back agreement can let sellers stay in the home for an agreed period after closing. Short-term temporary housing is another option when the dates don’t line up. 

How Can Homeowners Prepare for Unexpected Costs? 

The article recommends starting early on cleaning, small repairs, and listing photos, since they often take longer than expected. 

Moving, storage, repairs, and temporary housing can add up quickly, so setting aside extra savings helps. 

Matt Nuzie also emphasizes keeping the real estate agent, lender, and attorney informed of deadlines, and reading contract terms closely before signing. 

How to Buy and Sell a Home at the Same Time features insights from Matt Nuzie, Real Estate Expert of Trumbull, Connecticut, in HelloNation. 

FREQUENTLY ASKED QUESTIONS 

Is It Better to Buy or Sell a Home First? 

According to Matt Nuzie, it depends on your finances, your moving plans, and the local real estate market. Selling first brings financial certainty, while buying first offers more flexibility with the move. 

What Is a Home Sale Contingency? 

Matt Nuzie explains through insights featured in the article that a home sale contingency makes a purchase dependent on selling an existing home. It offers protection, though many sellers prefer offers without one. 

Can You Close on Two Homes at the Same Time? 

The article explains that homeowners can schedule both closings close together. Financing or inspection delays can still shift the timing, so some cushion is wise. 

What Happens if Closing Dates Do Not Match? 

Based on insights from Matt Nuzie, Real Estate Expert of Trumbull, Connecticut, homeowners may consider a rent-back agreement or short-term temporary housing. Both can provide extra time between transactions. 

Matt Nuzie is a REALTOR® with REMAX Right Choice, 105 Technology Drive, Trumbull, CT 06611. Each Office Independently Owned and Operated. 

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/real-estate-expert-matt-nuzie-explains-buying-and-selling-a-home-at-the-same-time-302933882.html

SOURCE HelloNation

Continue Reading

Technology

UTulsa launches Access to Excellence Scholarship Fund with $4M Asbjornson family commitment

Published

on

By

TULSA, Okla., Nov. 9, 2026 /PRNewswire/ — The University of Tulsa has launched the Access to Excellence Scholarship Fund, a philanthropic initiative to help more students pursue a UTulsa education, with an additional $4 million commitment from the Asbjornson Foundation providing significant early support.

The fund builds on the university’s Access to Excellence tuition initiative and its commitment to put an exceptional private education within reach. In August, the university announced it would cap undergraduate tuition and required fees at $25,000 a year in fall 2027, making UTulsa the most affordable private research university in America’s heartland.

“This extraordinary investment by the Asbjornson family embodies what Access to Excellence means at a Top 75 private research institution and exemplifies the commitment of the Golden Hurricane community to pay it forward,” said President Stacy Leeds. “We are removing financial barriers while preserving everything that makes a University of Tulsa education exceptional. The Asbjornsons understand that unlocking higher education can transform not only a student’s future but also the future of Tulsa and our region. We are deeply grateful for their continued leadership.”

The Asbjornson Foundation’s generous gift will focus on transfer student aid:

A $1.3 million expendable fund will immediately provide scholarships for current transfer students whose annual tuition and fees exceed $25,000.A $2.7 million endowed fund will support undergraduate transfers studying engineering, computer science, data science, artificial intelligence, finance and entrepreneurship. Preference will be given to Tulsa Community College Honors Scholars, followed by other TCC transfer students and then qualified Tulsa-area students transferring from other accredited institutions.

“If students are concerned about taking on too much debt, they will be reluctant to pursue rigorous studies and challenging career paths. To ensure Tulsa’s economic success, we need Tulsa students to fulfill their potential,” said Scott Asbjornson (B.S.B.A. ’91, MBA ’95). “I hope others in our philanthropic community will join my family in supporting these deserving students.”

The scholarships are designed to cover recipients’ remaining tuition, fees, books and course materials after other aid is applied, eliminating the need for student loans to attend the university – excluding room, board and other non-mandatory fees.

“Our hope is that this investment removes barriers for talented students and creates opportunities for them to learn, explore and grow in ways that prepare them to lead with purpose,” Asbjornson said.

View original content to download multimedia:https://www.prnewswire.com/news-releases/utulsa-launches-access-to-excellence-scholarship-fund-with-4m-asbjornson-family-commitment-302933889.html

SOURCE The University of Tulsa

Continue Reading

Technology

Lafayette Square Institute and the Center for USA Lending Launch Federal Credit Lab Platform

Published

on

By

Federal Credit Lab provides publicly available data visualizations and analysis on the allocation of federal credit across the U.S. economy. 

WASHINGTON, Nov. 9, 2026 /PRNewswire/ — Today, Lafayette Square Institute and the Center for USA Lending launched the Federal Credit Lab, a publicly available data and insights platform providing data and analysis of the U.S. government credit portfolio to generate actionable insights for policymakers, program administrators, researchers, and the public. 

The United States government is one of the largest lenders in the world. Its portfolio contains over $5 trillion in cumulative outstanding loans and loan guarantees. In Fiscal Year 2026 alone, Congress authorized nearly $1 trillion in new loan and loan guarantees spanning over 100 programs and 20 federal agencies.

Federal Credit Lab is a joint initiative of two nonprofit organizations, the Lafayette Square Institute and the Center for USA Lending, aimed at making this portfolio data more readily accessible to inform better program assessment, delivery, budgeting, and design.

“Federal credit is one of the most powerful and least understood sets of tools by which policymakers can mobilize private capital to address national challenges,” said Jack Moriarty, Executive Director of Lafayette Square Institute. “Our objective in building Federal Credit Lab with our partners at the Center for USA Lending is to enhance our collective understanding of this toolkit to inform the next generation of industrial policy and the allocation of capital to the people and places that need it.” 

“Modern systems and better information lead to better policy. The Federal Credit Lab puts that premise into practice. It is a platform that makes the government’s lending enterprise substantially more visible, accessible, and accountable. We see this as a foundation, one we hope to build on in partnership with federal credit agencies,” said Doug Criscitello, Executive Director of the Center for USA Lending.

“By applying analytics to the complex workflows across the federal credit portfolio, Lafayette Square Institute and the Center for USA Lending are creating conditions for government and capital markets to better serve workers and communities in every zip code,” said Damien Dwin, Founder and CEO of Lafayette Square and Board member of Lafayette Square Institute.

“The Federal Credit Lab platform aspires to make the world of federal credit accessible to a much wider audience of stakeholders by centralizing and unifying a previously disparate set of data sources,” said Laura Hohenberger, Senior Associate for Data Analytics and Policy at Lafayette Square Institute.

The launch of the Federal Credit Lab featured a joint event in Washington, D.C. that included a platform demo and expert speakers. Additional programming on select thematic areas in the federal credit portfolio is slated throughout 2027. Lafayette Square Institute and the Center for USA Lending invite public feedback on applied research questions for future analysis.

About Lafayette Square Institute
Lafayette Square Institute (LSI) is a nonprofit policy and data analytics platform committed to aligning private capital with the public interest. Through deep bipartisan relationships, innovative finance tools, and data analysis, LSI mobilizes investment in the people and places that need it. 

About Center for USA Lending
The Center for USA Lending is a nonpartisan organization advancing a modern, effective credit ecosystem. It connects public and private stakeholders, elevates borrower needs, and promotes the use of modern technology to ensure access to capital for the borrowers federal credit is intended to serve.

Contact: Laura Hohenberger, Senior Associate, Data Analytics and Policy, Lafayette Square Institute, hohenberger@lafayettesquareinstitute.org 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lafayette-square-institute-and-the-center-for-usa-lending-launch-federal-credit-lab-platform-302933895.html

SOURCE Lafayette Square Institute

Continue Reading

Trending