Alaska Silver Corp. IPO
It sold 18,460,000 units under the ticker WAMFF and raised $12.0 million before costs.
Final prospectus (424B4) filed October 2, 2025
The terms
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Offered
18,460,000 units
Checked
Source
“Alaska Silver Corp. 18,460,000 Units”
A model read this, and code confirmed the quote appears in the filing. -
Price per unit
$0.65
Checked
Source
“We are offering 18,460,000 units (each a “Unit”), each Unit consisting of one of our subordinate voting shares, no par value, and one warrant to purchase one subordinate voting share, pursuant to this prospectus, at a public offering price per Unit of $0.65.”
A model read this, and code confirmed the quote appears in the filing. -
Raised
$11,999,000before fees and costs
Checked
Source and check
Shares × price = 18,460,000 × $0.65 = $11,999,000. They match.
“Initial Public Offering Price | $0.65000 | $11,999,000”
A model read this, and code confirmed the quote appears in the filing. -
Bank fee
$899,9257.5% of the raise
Checked
Source
“Underwriting discounts and commissions paid by us(1) | $0.04875 | $899,925”
A model read this, and code confirmed the quote appears in the filing. -
Company receives first
$11,099,075before other costs
Checked
Source and check
Raised − bank fee = $11,999,000 − $899,925 = $11,099,075. They match.
“Proceeds to us, before expenses(2) | $0.60125 | $11,099,075”
A model read this, and code confirmed the quote appears in the filing. -
Lead banks
Cantor
From the prospectus
Source
“Cantor Sole Bookrunner”
A model read this, and code confirmed the quote appears in the filing. -
Ticker
WAMFF
Checked
Source
“We are seeking the quotation of our subordinate voting shares on the OTCQX under the symbol “WAMFF.””
A model read this, and code confirmed the quote appears in the filing. -
Extra for the banks
Up to 2,769,000 unitsan option the banks may use
From the prospectus
Source
“We have granted the underwriters an option to purchase up to 2,769,000 additional Units from us for a period of 30 days from the date of this prospectus to cover over-allotments, if any.”
A model read this, and code confirmed the quote appears in the filing. - Final prospectus filed October 2, 2025
Not investment advice.Open the filing on SEC.gov
Where the money goes first
The banks take their fee before the company sees the money.
Who owns the company after the IPO
From the prospectus 18,460,000 of 62,627,986 shares outstanding after the offering (29.5%).
Where Alaska Silver Corp. sits among the last 12 months
Each bubble is one IPO. Bigger and higher means more money raised. The scale grows by ten times at each line.
New to these terms? How to read an IPO.