Ifabric Corp. Closes $20.4M Bought Deal Share Offering

Deal Summary

Canadian textile technology developer Ifabric Corp. (IFA.TO) announced the closing of a C$28 million (approximately $20.4 million) bought‑deal share offering, comprising a C$23 million primary issuance and a C$5 million secondary sale by insiders Hylton and Susan Karon. The proceeds will support working‑capital needs and increase the company's share count to about 37 million.