Largo Announces Closing of US$5.7 Million Registered Direct Offering
Key Highlights
- ➤Largo (LGO) closed a US$5.7 million registered direct offering
- ➤Offering sold 10,200,000 shares and warrants at US$0.56 per share-and-warrant
- ➤Warrants carry a US$0.70 exercise price and expire five years after issuance
- ➤Proceeds will fund working capital, including payments to trade creditors
- ➤Insiders purchased 2,499,999 shares and warrants on the same terms
Toronto, Ontario--(Newsfile Corp. - September 29, 2026) - Largo Inc. (TSX: LGO) (NASDAQ: LGO) ("Largo" or the "Company") announces the closing of its previously announced registered direct offering (the "Offering") for the purchase and sale of 10,200,000 common shares of the Company ("Common Shares") and warrants to purchase up to 10,200,000 Common Shares ("Warrants") at a purchase price of US$0.56 per Common Share and accompanying Warrant for aggregate gross proceeds of approximately US$5.7 million. The Warrants have an exercise price of US$0.70 per share, are immediately exercisable upon issuance and will expire five years from issuance.
H.C. Wainwright & Co. acted as exclusive placement agent for the Offering. The Placement Agent received customary agency fees and broker warrants upon closing.
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