Top Financing News

The Recap

The best information on capital raises and financing activity in under 5 minutes:

• WeRide Inc. (NASDAQ: WRD) raises $458.5 million via IPO and concurrent private placement to advance its portfolio of autonomous driving technology.

• Osisko Development (NYSE: ODV, TSXV: ODV) announces $50 million marketed private placement to advance its Cariboo and Tintic Projects, to partially repay its existing credit facility and for general corporate purposes.

• ATEX Resources (TSX-V: ATX) announces $40 million strategic investment by Agnico Eagle, the proceeds will be allocated towards the company’s exploration activities at the Valeriano copper-gold project in Chile.

WeRide claims to have become the world’s first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. WeRide achieved a valuation of $4.21 billion after its U.S. initial public offering (IPO), raising $120 million. The company issued 7.7 million American depositary shares (ADSs) at $15.50 each, hitting the lower end of its targeted price range of $15.50 to $18.50 per ADS. Through a concurrent private placement, WeRide raised an additional $320.5 million, totaling $458.5 million in funds. WeRide designs self-driving taxis, buses, vans, and street sweepers. The company runs pilot programs in 30 cities across seven countries, highlighting the rising global interest in autonomous transportation, even as technical and regulatory challenges persist. While China has actively authorized self-driving trials, the United States has taken a more cautious stance.

Osisko Development is a North American gold development company focused on past-producing mining camps located in mining friendly jurisdictions with district scale potential. Osisko just announced it intents to raise $50 million via a best efforts private placement. The Company's objective is to become an intermediate gold producer by advancing its 100%-owned Cariboo Gold Project, located in central B.C., Canada, the Tintic Project in the historic East Tintic mining district in Utah, U.S.A., and the San Antonio Gold Project in Sonora, Mexico. Osikso intends to use the net proceeds of the Offering towards the advancement of its Cariboo and Tintic Projects, to partially repay its existing credit facility and for general corporate purposes.

ATEX Resources announces a $40 million strategic investment by Agnico Eagle to be allocated towards the company’s exploration activities at the Valeriano copper-gold project in Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados (NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold).

Weekly Money Moves

Lead Investors

• Direct Digital Holdings: $20,000,000 | Advertising | Lead Investor: New Circle Capital

• ProQR Therapeutics: $75,000,000 | Biotech | Lead Investor: Eli Lilly

• ITD Cementation: $381,166,189 | Construction | Lead Investor: Renew Exim DMCC

• Nazara Technologies: $26,171,997 | Gaming | Lead Investor: SBI Mutual Fund

• Super League Enterprise: $1,000,000 | Gaming | Lead Investor: Infinite Reality

• ATEX Resources: $39,859,890 | Mining | Lead Investor: Agnico-Eagle Mines Limited

• Nevada King: $7,230,067 | Mining | Lead Investor: Desjardins Venture Capital

• Agree Realty: $325,600,000 | Real Estate | Lead Investor: Citibank, Wells Fargo

• STANLEY LIFESTYLES: $5,353,351 | Retail | Lead Investor: Mukul Agarwal

Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]