05:32 PM EDT, 03/24/2026 (MT Newswires) -- Stack Capital Group ( STCGF ) after trade on Tuesday said it plans to raise up to $15 million through a "best efforts" private placement.

The offering consists of up to $8.75 million under a LIFE offering and $6.25 million in a concurrent private placement, the company said, adding that its management plans to invest at least $1 million in the deal. Each unit will include one common share and one-quarter of a warrant. Each full warrant allows investors to buy another share at $23 two years, according to the statement.

The company said it has applied to list the shares and warrants on the Toronto Stock Exchange. "There is no guarantee that the distribution requirements to list the warrants will be met."

The funds will be used for investments and general corporate purposes, and the deal is expected to close around March 31, pending approvals, the company added.