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INTERMAP ANNOUNCES INCREASE TO BOUGHT DEAL FINANCING TO $25 MILLION

Newswire.ca - Tue Sep 23, 2025

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DENVER, Sept. 23, 2025 /CNW/ - Intermap Technologies Corporation (TSX: IMP) (OTCQB: ITMSF) ("Intermap" or the "Company"), is pleased to announce that, due to strong demand, the Company has agreed with its syndicate of underwriters including Stifel Canada, Canaccord Genuity Corp. and Beacon Securities Ltd. (collectively, the "Underwriters"), to increase the size of its previously announced $20,100,000 bought deal offering. Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a "bought deal" basis, 8,334,000 Class A common shares (the "Common Shares") at a price of $3.00 per Common Share (the "Issue Price") for aggregate gross proceeds to the Company of $25,002,000 (the "Offering").

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