false 0001879016 0001879016 2025-02-14 2025-02-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): February 14, 2025

 

IVANHOE ELECTRIC INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-41436   32-0633823
(State or other jurisdiction of
incorporation or organization)		   (Commission File Number)   (I.R.S. Employer
Identification No.)

 

450 E Rio Salado Parkway, Suite 130
Tempe, Arizona

     85281
(Address of principal executive offices)     (Zip Code)
       

Registrant’s telephone number, including area code: (480) 656-5821

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which
registered
Common Stock, par value $0.0001 per share   IE   NYSE American

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On February 14, 2025, Ivanhoe Electric Inc. (the “Company”) completed the closing of the previously announced public offering (the “Offering”) of 11,794,872 units (the “Units”), with each Unit consisting of one share of the Company’s common stock, par value $0.0001 per share (“Common Stock”) and one warrant to purchase one share of Common Stock (the “Warrants”), at a public offering price of $5.85 per Unit pursuant to an Underwriting Agreement dated February 12, 2025 (the “Underwriting Agreement”) entered into by and between the Company and BMO Capital Markets Corp., as sole underwriter (the “Underwriter”). The net proceeds of the Offering were approximately $66 million, which included the proceeds from the Underwriter’s exercise in full of its option to purchase additional Units. Each Warrant is exercisable to purchase one share of Common Stock until February 14, 2026 at an exercise price of $7.00 per share.

 

On February 14, 2025, in connection with the Offering, the Company entered into a warrant agent agreement (the “Warrant Agent Agreement”), with Computershare Inc. and Computershare Trust Company N.A., as warrant agent for the Warrants (the “Warrant Agent”). The Warrant Agent Agreement sets forth the form of Warrant, procedures for registering, transferring and exercising the Warrants, procedures for adjustments to the Warrants upon the occurrence of certain events, the procedure for amending the Warrant Agent Agreement and the Warrants and the terms of the Company’s indemnification of the Warrant Agent. The description of the terms of the Warrants set forth under the heading “Description of Securities - Warrants to be Issued in this Offering” in the Company’s final prospectus supplement dated February 12, 2025 to the prospectus dated July 10, 2023, included in the Company’s automatic registration statement on Form S-3 (File No. 333-273195), is hereby incorporated by reference.

 

The Company’s Executive Chairman, Robert Friedland, purchased 816,667 Units in the Offering at the public offering price per Unit.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  IVANHOE ELECTRIC INC.
     
Date: February 14, 2025 By: /s/ Taylor Melvin
    Taylor Melvin
    President and Chief Executive Officer

 

 

 

v3.25.0.1
Cover
Feb. 14, 2025
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Feb. 14, 2025
Entity File Number 001-41436
Entity Registrant Name IVANHOE ELECTRIC INC.
Entity Central Index Key 0001879016
Entity Tax Identification Number 32-0633823
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 450 E Rio Salado Parkway, Suite 130
Entity Address, City or Town Tempe
Entity Address, State or Province AZ
Entity Address, Postal Zip Code 85281
City Area Code 480
Local Phone Number 656-5821
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol IE
Security Exchange Name NYSE
Entity Emerging Growth Company false
Ivanhoe Electric (AMEX:IE)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025 Click aqui para mais gráficos Ivanhoe Electric.
Ivanhoe Electric (AMEX:IE)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025 Click aqui para mais gráficos Ivanhoe Electric.