Enablence Technologies Inc. (TSXV: ENA), an Ottawa-based provider of planar lightwave circuit optical chips, has announced a C$25 million equity investment from Collingwood Investments Incorporated, a member of the Nova Scotia-based Bragg Group of Companies. The deal involves the issuance of 3,226,000 common shares at C$7.75 per share, representing a roughly 21% premium to the September 14, 2026 closing price. The company says it will use the proceeds to expand fabrication capacity in Silicon Valley and Vietnam and to support growing sales volumes, a move investors in the photonics and AI-infrastructure space may be watching closely.

Key Points

  • Enablence Technologies Inc. (TSXV: ENA) is a publicly traded optical chip designer and manufacturer based in Ottawa, Ontario.
  • The company has entered into an agreement with Collingwood Investments Incorporated for a C$25 million strategic equity investment at C$7.75 per common share.
  • The offering price represents a premium of approximately 21% to the September 14, 2026 closing price; closing is expected by end of September 2026.
  • Investors may watch whether TSX Venture Exchange approval is obtained and whether fab expansion timelines are confirmed following closing.

Offering Terms and Use of Proceeds for Fab Expansion

Under the agreement, Enablence will issue 3,226,000 common shares to Collingwood Investments at C$7.75 each. The release states that net proceeds are earmarked for planned capital expenditures to expand capacity at the company's fabrication facilities in Silicon Valley and Vietnam, as well as working capital to support growing sales volumes and general corporate purposes. All issued securities will be subject to a statutory hold period of four months and one day from the issuance date, in accordance with applicable Canadian securities laws. Paradigm Capital Inc. is acting as exclusive financial advisor and Bennett Jones LLP as legal advisor to Enablence in connection with the offering.

Collingwood Investments Acquires a 13.3% Stake in Enablence

Prior to the agreement, Collingwood Investments held no common shares of Enablence. Upon closing, the investor will beneficially own approximately 13.3% of issued and outstanding common shares, based on an assumed 21,072,195 shares outstanding immediately prior to the offering. Pursuant to an investor rights agreement to be executed at closing, Collingwood will receive pro rata pre-emptive rights on future equity issuances by the company, subject to customary exceptions. The investor rights agreement will terminate if Collingwood's ownership falls below 5% of common shares, or by written agreement of both parties.

Enablence's Strategic Position in the AI and Photonics Market

Enablence designs, markets, and sells PLC optical chips serving data centre, telecom, automotive LiDAR, and AI applications. Its fabrication plant in Fremont, California also produces chips designed by third-party customers in select circumstances. CEO Todd Haugen stated that the capital will enable the company to accelerate its expansion plans and strengthen its competitive position in the photonics market. The offering remains subject to customary closing conditions and TSX Venture Exchange acceptance, with closing targeted before the end of September 2026.