11:03 AM EDT, 08/01/2025 (MT Newswires) -- BuildDirect.com Technologies ( BDCTF ) , a building materials retailer, on Friday said it raised $7 million in its non-brokered private placement of 6.1-million shares priced at $1.15 each.

Proceeds will be used to support BuildDirect's growth strategy and for general working capital purposes.

The company's three largest shareholders, Pelecanus Investments, Lyra Growth Partner, and Beedie Investments, participated in the private placement. Eyal Ofir, a director of the company, and Shawn Wilson, the chief executive officer, also participated.

Shares were last seen up $0.02 to $1.97 on the TSX Venture Exchange.

Price: 1.97, Change: +0.02, Percent Change: +1.03