NanoXplore Secures $25 Million in Bought Deal Private Placement

NanoXplore Inc ( (TSE:GRA) ) just unveiled an announcement.

NanoXplore Inc. announced a bought deal private placement worth $25,000,080, facilitated by Ventum Financial Corp. and a syndicate of underwriters. The proceeds will be used to support the company’s growth, particularly in expanding dry graphene production, and for general corporate purposes. The offering is expected to close by October 30, 2025, pending necessary approvals, and will be available in all Canadian provinces under specific exemptions, with shares being freely tradeable under Canadian securities laws.

The most recent analyst rating on (TSE:GRA) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on NanoXplore Inc stock, see the TSE:GRA Stock Forecast page.

Spark’s Take on TSE:GRA Stock

According to Spark, TipRanks’ AI Analyst, TSE:GRA is a Neutral.

NanoXplore Inc. shows potential with improving margins and expansion efforts, but current profitability issues and revenue declines present significant risks. Bullish technical signals are tempered by overbought conditions, and valuation metrics reflect ongoing financial challenges.

To see Spark’s full report on TSE:GRA stock, click here.

More about NanoXplore Inc

NanoXplore is a graphene company that manufactures and supplies high-volume graphene powder for transportation and industrial markets. It also provides graphene-enhanced plastic and composite products for sectors such as transportation, packaging, and electronics. Additionally, the company produces silicon-graphene-enhanced Li-ion batteries for electric vehicles and grid storage, with headquarters in Montreal, Québec, and facilities in Canada, the United States, and Europe.

Average Trading Volume: 122,810

Technical Sentiment Signal: Buy

Current Market Cap: C$453.8M

For detailed information about GRA stock, go to TipRanks’ Stock Analysis page.