Enlighta Inc. announced it has entered into an agreement of up to 8,333,334 units at a price of CAD 0.6 per unit for gross proceeds of up to CAD 5,000,000.4 on January 3, 2024. Each Unit shall consist of one common share and one half of one transferable common share purchase warrant. Each Warrant shall be exercisable into one additional common share of the company for 36 months from the closing date at an exercise price of CAD 0.8. The Company has also granted the Underwriters an option to cover over-allotments, which will allow the Underwriters to offer up to an additional 15% of the Offering, on the same terms as the Units. The Underwriters? Option may be exercised in whole or in part at any time prior to the closing of the Offering. The Offering is expected to close on or about January 24, 2024, or such other date as agreed between the Company and the Underwriters and is subject to satisfaction of customary closing conditions.

On the same date, the company has amended the terms of the transaction. The company will now issue 10,600,000 units at a price of CAD 0.60 per unit for gross proceeds of approximately CAD 6,360,000. The company has also granted the Underwriters an option to cover over-allotments which will allow the Underwriters to offer up to an additional 20% of the Offering, on the same terms as the units. The Underwriter's Option may be exercised in whole or in part at any time prior to the closing of the Offering.