Glossary · Financing
Private placement
Equity sold to specific accredited investors without an underwriter commitment.
A private placement is equity (often a unit of share + warrant) sold directly to a defined set of accredited investors — not a public offering. It can be brokered (an agent collects orders, no capital commitment) or non-brokered (the issuer collects orders directly). Closing is typically within weeks of announcement. Shares issued via private placement carry a hold period (typically 4 months in Canada).