Tantalus Systems Holding Inc announced a brokered private placement of 1,312,500 Common Shares at a price CAD 1.6 for gross proceeds CAD 2,100,000 on May 8, 2024. The Offering is expected to close on or about May 23, 2024, or such other date as the Company and the Underwriters may agree and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the acceptance of the Toronto Stock Exchange. All securities issued in connection with the Concurrent Private Placement Tranche and the Compensation Warrants and underlying Common Shares will, where applicable, be subject to a statutory hold period of four months and one day following the date of issuance in accordance with applicable Canadian securities laws.