MCAN Mortgage Corporation, operating as MCAN Financial Group, has announced a public offering of common shares with an aggregate value of up to $75,000,000. The offering will be conducted on an at-the-market basis through National Bank Financial Inc. and Canaccord Genuity Corp., who will act as agents under an equity distribution agreement dated August 8, 2025. The agents will receive a commission of 2.0% of the gross sales price per common share sold.

Legal counsel for MCAN is Goodmans LLP, while Blake, Cassels & Graydon LLP is advising the agents.

The offering allows MCAN to distribute shares directly on the Toronto Stock Exchange (TSX) or other recognized marketplaces at prevailing market prices, with no minimum amount required to be raised. The TSX has conditionally approved the listing of the new shares, subject to MCAN fulfilling all listing requirements. MCAN intends to use any net proceeds from the offering to support its mortgage lending and investment business, though the exact allocation may vary depending on future business developments. As of August 7, 2025, MCAN had 39,650,589.387 common shares outstanding, with a closing price of $20.81 per share on the TSX.