# Solid Impact Investments Extends $3M Private Placement Deadline

- URL: https://stocks.freetheai.org/news/solid-impact-investments-extends-3m-private-placement-deadline-9807a0
- Published: 2026-10-16T12:00:09Z
- Category: company_news; sentiment: bearish; impact: medium
- Symbols: [TSXV:SOLI.P](https://stocks.freetheai.org/symbols/TSXV-SOLI.P)
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Solid Impact Investments Corp. (TSXV:SOLI.P) has extended the closing deadline for its non-brokered private placement to Nov. 16, 2026. The company is seeking to raise up to $3.0 million by offering up to 60.0 million common shares priced at $0.05 per share, subject to approval from the TSX Venture Exchange.

The financing is intended to provide working capital and cover expenses related to a future qualifying transaction. Shares issued through the placement will carry a four-month resale hold period. Following the update, the company's shares traded at 0.06 CAD, down 25.00% for the day.

Market participants will be watching for the completion of the offering, the total proceeds collected, and further progress on the company's qualifying transaction plans.

## Key points

- Solid Impact Investments Corp. extended its private placement deadline to Nov. 16, 2026.
- The company is offering up to 60.0 million shares at $0.05 per share to raise up to $3.0 million.
- Proceeds will fund working capital and costs for an upcoming qualifying transaction.
- All issued securities will be subject to a four-month hold period upon closing.

## Questions and answers

### What is the new deadline for Solid Impact Investments' private placement?

The company has extended the deadline to complete the offering to Nov. 16, 2026, subject to exchange approval.

### How much money is Solid Impact Investments raising?

Solid Impact Investments is offering up to 60.0 million shares at $0.05 each to raise up to $3.0 million.

### How will Solid Impact Investments use the private placement funds?

The funds are designated for general working capital and expenses connected to a qualifying transaction.