Enablence Technologies Inc. (TSXV: ENA) has entered into an agreement with Collingwood Investments Incorporated for a C$25 million equity investment, according to a press release from the Ottawa-based optical chip maker.

The offering consists of 3,226,000 common shares priced at C$7.75 per share, representing a premium of approximately 21% to the closing price on the TSX Venture Exchange as of September 14, 2026. The offering is expected to close by the end of September 2026, subject to customary closing conditions and necessary approvals.

Enablence said it intends to use the proceeds for capital expenditures to expand capacity at its fabrication facilities in Silicon Valley and Vietnam, working capital to support growing sales volumes, and general corporate purposes.

Upon closing, Collingwood Investments will hold approximately 13.3% of Enablence's issued and outstanding common shares, based on 21,072,195 shares outstanding prior to the offering. Collingwood Investments is a member of the Bragg Group of Companies, a Nova Scotia-based private enterprise that also owns Oxford Frozen Foods and Eastlink, among other entities.

Under an investor rights agreement to be executed at closing, Collingwood Investments will receive pro rata pre-emptive rights on future equity issuances by the company. The investor will also be subject to a one-year post-closing restriction on certain voting agreements. All securities issued will carry a statutory hold period of four months and one day under Canadian securities laws.

Paradigm Capital Inc. is acting as exclusive financial advisor to Enablence, and Bennett Jones LLP is serving as legal advisor in connection with the offering.