Enablence Technologies Inc. (TSXV: ENA), an Ottawa-based provider of planar lightwave circuit (PLC) optical chips for datacom, telecom, AI, and advanced vision applications, announced on September 18, 2026 that it has closed a C$25 million private placement with Collingwood Investments Incorporated. The offering comprises 3,226,000 common shares priced at C$7.75 per share. The proceeds are earmarked for capital expenditures at the company's fabrication facilities and working capital to support growing sales volumes, making the transaction a significant milestone for investors tracking Enablence's manufacturing growth strategy.

Key Points

  • Enablence Technologies Inc. (TSXV: ENA) closed a C$25 million strategic private placement on September 18, 2026
  • 3,226,000 common shares were issued to Collingwood Investments Incorporated at C$7.75 per share
  • Net proceeds will fund capacity expansion at fab facilities in Silicon Valley and Vietnam, plus working capital and general corporate purposes
  • Investors should watch for final TSX Venture Exchange acceptance of the offering and any updates on fab expansion progress

Collingwood Investment Terms and Investor Rights Agreement

Concurrent with the closing, Enablence entered into an investor rights agreement with Collingwood Investments Incorporated. The release states the agreement grants Collingwood pro rata pre-emptive rights on all future equity issuances by the company, along with certain top-up rights in the investor's favour. The common shares issued under the placement are subject to a statutory hold period of four months and one day from the closing date, consistent with applicable Canadian securities laws. The offering also remains subject to final acceptance by the TSX Venture Exchange.

Fab Expansion in Silicon Valley and Vietnam Drives Use of Proceeds

Enablence disclosed that net proceeds from the C$25 million offering will be directed toward planned capital expenditures to expand capacity at its fabrication facilities in Fremont, California and Vietnam, with the remainder allocated to working capital supporting growing sales volumes and general corporate purposes. The company operates a proprietary, non-captive fabrication plant in Fremont, which it also uses to manufacture chips designed by third-party customers in select strategic circumstances. This capacity build-out positions Enablence to serve data centre and other rapidly growing end markets.

Advisory Fees and Professional Advisors for the Offering

Paradigm Capital Inc. acted as exclusive financial advisor to Enablence in connection with the offering and is entitled to an advisory cash fee equal to 5% of gross proceeds. Bennett Jones LLP provided legal advisory services to the company for the transaction. The announcement does not specify the net proceeds figure after fees and expenses beyond characterising the gross amount as approximately C$25 million. The immediate share price impact was not clear from available public information.