Micromem raises $110,000 in private placement, extends warrants
What's the deal? Micromem TechnologiesDealroom has a profile for this one. Try Dealroom → (CSE: MRM) closed a non-brokered private placement on September 16, 2026, raising gross proceeds of about US$109.1K (roughly $110,000). It placed 5,953,600 units at US$0.02 each, with each unit comprising one common share and one warrant exercisable at US$0.04 for three years.
Who took part? No insiders participated, and all subscribers are at arm's length. The securities carry a four-month hold period.
What's the money for? Micromem intends to use the net proceeds for working capital. Closing remains subject to conditions, including compliance with post-closing requirements of the Canadian Securities Exchange (CSE).
What else? The Toronto- and New York-based company is also extending 9,066,400 warrants exercisable at US$0.04 per share. Originally issued in an October 2025 placement and due to expire on October 8, 2026, they will now expire on October 8, 2027. None of the extended warrants are held by insiders.
The signal: The modest raise and one-year warrant extension point to a small-cap company managing near-term liquidity rather than scaling. For Micromem, keeping working capital in place and its existing warrant structure alive buys time without diluting through fresh insider stakes.
Read more: wallstreet-online.de
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