Coelacanth Energy raises $50.6M in equity offering under Rule 506(b)
Coelacanth Energy Inc., an Alberta-based oil and gas company, completed a private equity offering that raised $50,629,342, meeting its target fully. The offering was conducted under SEC Rule 506(b) and involved 15 investors, with Haywood Securities (USA) Inc. and Roth Canada serving as placement agents. The first sale occurred on May 6, 2026.
Key facts
- $50,629,342 total raised (100% of target)
- 15 investors
- Rule 506(b) exemption
- First sale date: May 6, 2026
- Placement agents: Haywood Securities (USA) Inc., Roth Canada
- Equity securities
Why it matters
The company fully funded its capital raise, providing growth capital to support operations in oil and gas exploration and development without diluting publicly traded shares or triggering the higher disclosure requirements of a registered offering.
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Derived from D filed 2026-07-07. Not investment advice. View the source filing on SEC.gov →