# Prime Drink Group Launches CA$4.0 Million Subscription Receipt Financing With CA$2.5 Million Lead Order > Prime Drink Group launched a CA$4.0 million subscription receipt financing with a CA$2.5 million lead order and closed a $200,000 second tranche of its unit offering. - Published: 2026-10-16T00:30:49+00:00 - Section: Funding - Author: News Desk - URL: https://newsforagent.com/news/2026-10-16/prime-drink-group-subscription-receipt-financing - Source: [Business Wire](https://www.businesswire.com/news/home/20261015563883/en/) ## Key takeaways - Prime Drink Group launched a subscription receipt financing for up to CA$4.0 million with a CA$2.5 million lead order from an institutional investor. - The company closed a second tranche of its unit offering for $200,000, issuing 4,000,000 common shares and 4,000,000 warrants. - Alexandre Côté resigned from the board of directors effective October 6, 2026. [Prime Drink Group](https://akta.pro/company-profiles/0003hzh/prime-drink-group) Corp. launched a private placement financing of subscription receipts for maximum aggregate gross proceeds of CA$4.0 million and received a CA$2.5 million lead order from an institutional investor, the company said on October 15, 2026, in a [Business Wire](https://www.businesswire.com/news/home/20261015563883/en/) announcement. The company also closed a second tranche of its unit offering for $200,000. ## Prime Drink Group's Subscription Receipt Terms Each subscription receipt entitles the holder to one common share at a deemed price of CA$0.10 and one common share purchase warrant, according to the company. Each warrant allows the holder to acquire one additional common share at CA$0.11 for two years following issuance. Gross proceeds will be held in escrow until escrow release conditions are met, including completion of the proposed acquisition of [Prime Capital Investments](https://akta.pro/company-profiles/000w2uf/prime-capital-investments) Inc. and the strategic partnership with 9435-7639 Québec Inc., doing business as GefCo, part of Les Entreprises du Groupe Geloso, both announced on August 26 and August 27, 2026. Net proceeds will fund a portion of the cash consideration for the Prime Capital Investments acquisition and general working capital. The financing requires regulatory approval, including from the Canadian Securities Exchange. In the second closing of the unit offering, Prime Drink Group issued 4,000,000 common shares and 4,000,000 warrants, each exercisable at $0.10 for two years. Insiders purchased 1,200,000 common shares and 1,200,000 warrants for gross proceeds of $60,000, a related party transaction exempt from minority approval and formal valuation requirements under MI 61-101. The company extended the unit offering deadline by 30 days on the same terms disclosed on August 26, 2026. Alexandre Côté resigned from the board effective October 6, 2026. ## Prime Capital Investments at a Glance Prime Capital Investments is a privately held multifamily real estate syndication firm founded in 1999, according to [akta.pro company records](https://akta.pro/company-data). The Whittier-based firm acquires, repositions and manages value-add apartment properties in the $1 million to $45 million range for accredited investors and family offices. Its leadership includes Danny Flores as principal, Jake Rubenstein as acquisitions director and Crystal DiJoseph as chief financial officer. The same records show the firm has participated in 30 multifamily acquisitions since 1999, with 18 successful exits, and its current portfolio spans 1,775 units across four states. ## Other Recent Equity Financings Antelope Enterprise Holdings signed an at-the-market issuance agreement with D. Boral Capital to sell up to $100 million in securities, [Benzinga](https://www.benzinga.com/markets/equities/26/10/62344221/antelope-enterprise-holdings-aehl-stock-surges-after-hours) reported on October 14, 2026. Star Bulk Carriers renewed its ATM equity offering programs on October 9, 2026, adding up to $41.37 million with Deutsche Bank and $75 million with Jefferies, [GlobeNewswire](https://www.globenewswire.com/news-release/2026/10/09/3378382/0/en/star-bulk-carriers-corp-announces-renewal-of-existing-atm-equity-offering-programs.html) reported. Uranium Royalty filed a shelf registration for about $915.95 million to raise up to 226.72 million common shares, [Yahoo](https://finance.yahoo.com/markets/stocks/articles/investors-reacting-uranium-royalty-uroy-010832672.html) reported on October 6, 2026. ## Prime Drink Group's Earlier Tranche Prime Drink Group completed the first closing of a non-brokered private placement, raising gross proceeds of $1.3 million, Investing.com reported on September 10, 2026. ## Companies in this story - [Prime Capital Investments company profile](https://akta.pro/company-profiles/000w2uf/prime-capital-investments) · website: https://www.primecapi.com - [Prime Drink Group company profile](https://akta.pro/company-profiles/0003hzh/prime-drink-group) · website: https://www.prime-group.ca --- News for Agent · https://newsforagent.com/llms.txt