IM Cannabis Corp. Private Placement Offering

SEC Filing 6-K (0001178913-25-002563)

On July 30, 2025, IM Cannabis Corp. entered into subscription agreements for a private placement financing with certain investors. The investors agreed to purchase an aggregate of 2,050,000 units at a price of C$2.74 per unit. Each unit consists of one common share or one pre-funded warrant and one common share purchase warrant. The warrants entitle the holder to purchase one common share at an exercise price of C$3.43 per share, exercisable immediately for 60 months. The pre-funded warrants allow the purchase of one common share at C$0.00001 per share, exercisable immediately until fully exercised. The offering resulted in gross proceeds of C$5,622,522, which the company intends to use for general working capital, repayment of existing indebtedness, and general corporate purposes. The company also agreed to file a resale registration statement within 30 days of the closing date. Additionally, on July 31, 2025, the company entered into a consulting agreement with Pure Equity Ltd., issuing a finder's warrant to purchase up to 140,000 common shares and a one-time cash payment of $260,000 plus applicable taxes.