05:29 PM EDT, 03/24/2026 (MT Newswires) -- Aecon Group ( AEGXF ) said after Tuesday's close it filed a final short form prospectus in connection with its bought-deal offering of 3.82-million shares and has received a receipt from securities regulators in all Canadian provinces.

According to the statement, the prospectus qualifies the distributions of the shares at a price of $39.25 per share, for gross proceeds of approximately $150.01 million. Aecon ( AEGXF ) has also granted the underwriters an over-allotment option to purchase up to an additional 573,300 shares for additional gross proceeds of up to approximately $22.5 million.

Aecon ( AEGXF ) said it intends to use the net proceeds to repay amounts drawn under its revolving credit facility, and to the extent there are any excess net proceeds, for general corporate purposes.

Shares of the company closed up $0.08 to $42.46 on Toronto Stock Exchange.