08:42 AM EDT, 07/27/2026 (MT Newswires) -- Argo (ARGH.V) raised C$10 million after closing a private placement with long-term institutional investors, the public transit solutions provider said Monday.

Argo said it plans to use the proceeds to fund expansion plans in the US and Canada, fund research and development, and for working capital and general corporate purposes.

Under the offering, Argo issued about 33.3 million common shares priced at C$0.30 apiece.