Electra Raises US$2.1M in ATM Sales and Grants 91,954 Deferred Shares
ELBM•During Q2, Electra employees acquired 26,256 shares via the ESP at the five-day volume-weighted average price, matched by a company repurchase of equal shares. Under its ATM program, Electra raised US$2.1 million by issuing 3.01 million shares at US$0.68 each and granted 91,954 DSUs to directors.
1. Employee Share Purchase Program
The company’s ESP saw employees purchase 26,256 common shares during Q2 at the five-day volume adjusted weighted average price as of June 30, with management participating significantly; an equal number of shares were repurchased by the company under the program approved at the June 23 AGM.
2. Deferred Share Unit Grants
On June 30, 2026, Electra granted 91,954 DSUs to non-employee directors under its Deferred Share Unit Plan at the market price prevailing on that date, with units settling in common shares when a director leaves the board.
3. At-the-Market Program Proceeds
The ATM program, authorized for up to US$25 million, generated gross proceeds of US$2.1 million this quarter through issuance of 3,009,295 common shares on Nasdaq at a weighted average price of US$0.68 each, incurring US$70,000 in commissions and averaging US$0.88 per share since inception.
