Vanta Holdings closes second tranche of private placement

Vanta Holdings Inc. has successfully completed the second tranche of its non-brokered private placement, raising C$210,000 through the issuance of 210,000 units at C$1.00 per unit. Each unit consists of one common share and one transferable warrant, which allows holders to purchase additional shares at C$1.25 per share until October 15, 2028.

The securities are subject to a statutory hold period expiring February 17, 2027. Combined with the first tranche, Vanta has raised total gross proceeds of C$334,579.42 through the issuance of 334,579 units. The company plans to allocate the net proceeds toward payment of outstanding and future payables and indebtedness, as well as corporate awareness activities.

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