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Intermap Expands Offering Due to Demand

GlobeNewswire LogoGlobeNewswire10h ago

Intermap Expands Offering Due to Demand - GlobeNewswire

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NEWSWIRE SERVICES ORDISSEMINATION IN THE UNITED STATES DENVER, Aug.07, 2024 (GLOBE NEWSWIRE) -- Intermap Technologies (TSX: IMP; OTCQB: ITMSF) ("Intermap” or the "Company”), a global leader in 3D geospatial products and intelligence solutions, announces a third amendment to the terms of its offering of Class "A" common shares of the Company ("Common Shares”), previously announced on July 3, 2024, initially amended on July 19, 2024, and further amended on August 2, 2024, to accommodate additional demand from subscribers (as further amended as described herein, the "Offering”).

Intermap’s forward-looking statements are subject to risks and uncertainties pertaining to, among other things, cash available to fund operations, availability of capital, revenue fluctuations, the nature of government contracts, including changing political circumstances in the relevant jurisdictions, economic conditions, loss of key customers, retention and availability of executive talent, competing technologies, common share price volatility, loss of proprietary information, software functionality, internet and system infrastructure functionality, information technology security, breakdown of strategic alliances, and international and political considerations, as well as those risks and uncertainties discussed Intermap’s Annual Information Form for the year ended December 31, 2023 and other securities filings.

Subject to compliance with applicable regulatory requirements, the Common Shares will be offered for sale to purchasers resident in Canada (except Quebec) pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the "Listed Issuer Financing Exemption”) and to purchasers resident in the United States by way of private placement pursuant to an exemption from the registration requirements under the United States Securities Act of 1933, as amended (the "1933 Act”).

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Article Details

Author / Journalist: Intermap Technologies

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-07 @ 21:30:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: globenewswire.com

Language: English

Article Length: 1307 words

Reading Time: 8 minutes read

Sentences: 33 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © GlobeNewswire

News ID: 21973755

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About GlobeNewswire

Main Topics: Technology

Official Website: globenewswire.com

Update Frequency: 90 posts per day

Year Established: 1998

Headquarters: China

News Last Updated: 10 hours ago

Coverage Areas: China

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #116

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