10:10 AM EDT, 10/10/2025 (MT Newswires) -- TeraGo ( TRAGF ) Friday said it received subscriptions to buy shares, including previously announced standby commitments, in connection with the exercise of rights pursuant to the rights offering and pursuant to the concurrent private placement with an aggregate value in excess of $12 million.

The company said it had entered into a commitment letter with EdgePoint Investment Group, in respect of a three-year term loan, in the principal amount of $21 million to refinance its current term debt facility.

TeraGo ( TRAGF ) intends to close the new term debt facility, rights offering and the concurrent private placement on October 15, or such other date, or dates as the company may determine, subject to certain conditions.