10:38 AM EDT, 09/23/2025 (MT Newswires) -- Intermap Technologies ( ITMSF ) said Tuesday that it increased its previously announced bought deal offering to $25 million from $20.1 million.

Under the terms, the underwriters agreed to purchase 8,334,000 class A shares priced at $3.00 apiece.

The underwriters can exercise an overallotment option to increase the proceeds to $28.8 million.

Intermap ( ITMSF ) plans to use the proceeds for working capital and general corporate purposes.

Intermap's ( ITMSF ) share price dropped 13.1% at last look to $3.05 on the TSX.

Price: 3.02, Change: -0.47, Percent Change: -13.47