IMAX Corp. (IMAX) (IMX.TO) said that it has completed its public offering of 9.8 million of its common shares at $7.15 per share. Gross proceeds from the offering were $70.1 million. The company has granted the underwriter an option to purchase up to an additional 1.47 million shares of common stock at the public offering price, less the underwriting commission, within 30 days following pricing.
The company plans to use the net proceeds from the offering for the repayment of debt, including a portion of its 9 5/8% senior notes due December 2010, and for general corporate purposes.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.