Enablence Announces Amendment to Term Loan
Enablence (TSXV: ENAFF) entered an amending agreement effective October 6, 2025, increasing the principal available under a secured term loan from C$20.0 million to C$25.0 million. The loan retains a 14% per annum interest rate and a maturity date of March 31, 2027. Proceeds are designated for working capital to support capacity expansion, equipment onboarding and product development. No securities will be issued in connection with the amendment. The amendment is a related‑party transaction because Pinnacle Island II LP collectively owns more than 10% of common shares, and the amendment remains subject to final TSX Venture Exchange approval.
Enablence (TSXV: ENAFF) ha stipulato un accordo di modifica con effetto dal 6 ottobre 2025, aumentando il capitale disponibile tramite un prestito a termine garantito da C$20.0 milioni a C$25.0 milioni. Il prestito mantiene un tasso di interesse del 14% annuo e una data di scadenza 31 marzo 2027. I proventi sono destinati a capitale circolante per supportare l’espansione della capacità, l’adozione di attrezzature e lo sviluppo di prodotti. Non saranno emesse titoli in relazione all’emendamento. L’emendamento è una transazione con parti correlate poiché Pinnacle Island II LP detiene collettivamente più del 10% delle azioni ordinarie, e l’emendamento resta soggetto all’approvazione finale della TSX Venture Exchange.
Enablence (TSXV: ENAFF) firmó un acuerdo de enmienda con efecto a partir del 6 de octubre de 2025, aumentando el principal disponible bajo un préstamo a plazo garantizado de C$20.0 millones a C$25.0 millones. El préstamo mantiene una tasa de interés de 14% anual y una fecha de vencimiento de 31 de marzo de 2027. Los fondos se destinan a capital de trabajo para apoyar la expansión de capacidad, la incorporación de equipo y el desarrollo de productos. No se emitirán valores en relación con la enmienda. La enmienda es una transacción entre partes relacionadas porque Pinnacle Island II LP posee colectivamente más del 10% de las acciones comunes, y la enmienda sigue sujeta a la aprobación final de la TSX Venture Exchange.
Enablence (TSXV: ENAFF) 는 2025년 10월 6일 발효되는 수정 계약을 체결하여 담보 제공 양도 대출의 한도를 C$20.0백만에서 C$25.0백만으로 증가시켰습니다. 대출은 연 이자율 14%를 유지하고 만기일은 2027년 3월 31일입니다. 차입금은 용량 확장을 지원하고, 장비 도입 및 제품 개발을 위한 운전 자본으로 사용됩니다. 수정과 관련된 증권은 발행되지 않습니다. 수정은 Pinnacle Island II LP가 보통주를 공동 보유하고 총 지분이 10%를 초과하므로 관련 당사자 거래이며, 수정은 TSX Venture Exchange의 최종 승인을 받아야 합니다.
Enablence (TSXV: ENAFF) a conclu un accord modificatif en vigueur à partir du 6 octobre 2025, augmentant le principal disponible dans un prêt à terme garanti de C$20,0 millions à C$25,0 millions. Le prêt conserve un taux d'intérêt de 14 % par an et une date d'échéance du 31 mars 2027. Les fonds sont destinés à soutenir le fonds de roulement pour l'expansion de la capacité, l'intégration d'équipements et le développement de produits. Aucune valeur mobilière ne sera émise dans le cadre de l'amendement. L'amendement est une transaction entre parties liées car Pinnacle Island II LP détient collectivement plus de 10 % des actions ordinaires, et l'amendement reste soumis à l'approbation finale de la TSX Venture Exchange.
Enablence (TSXV: ENAFF) hat eine Änderungsvereinbarung getroffen, die am 6. Oktober 2025 wirksam wird, und den verfügbaren Kapitalbetrag eines gesicherten Darlehens von 2,0 Mio. C$ auf 2,5 Mio. C$ erhöht. Das Darlehen behält einen Zinssatz von 14 % pro Jahr und eine Fälligkeit am 31. März 2027 bei. Die Erlöse werden für Betriebsmittel zur Unterstützung der Kapazitätserweiterung, die Aufnahme von Ausrüstung und die Produktentwicklung bestimmt. Es werden keine Wertpapiere im Zusammenhang mit der Änderung ausgegeben. Die Änderung ist eine Transaktion mit nahestehenden Parteien, da Pinnacle Island II LP gemeinsam mehr als 10 % der Stammaktien hält, und die Änderung bleibt der endgültigen Genehmigung durch die TSX Venture Exchange vorbehalten.
Enablence (TSXV: ENAFF) دخلت في اتفاق تعديل ساري اعتباراً من 6 أكتوبر 2025، يرفع رأس المال المبدئي المتاح بموجب قرض تمويلي آمن من C$20.0 مليون إلى C$25.0 مليون. يحافظ القرض على معدل فائدة 14% سنوياً وتاريخ استحقاق 31 مارس 2027. تُخصص العائدات لرأس المال العامل لدعم توسيع القدرة، وتبني المعدات، وتطوير المنتجات. لن يتم إصدار أوراق مالية فيما يتعلق بالتعديل. يُعد التعديل صفقة مع طرف ذو صلة لأن Pinnacle Island II LP تملك معاً أكثر من 10% من الأسهم العادية، ولا يزال التعديل خاضعاً للموافقة النهائية من TSX Venture Exchange.
Enablence (TSXV: ENAFF) 于2025年10月6日生效的修订协议，将有担保定期贷款的可用本金从 C$20.0 百万美元 提高至 C$25.0 百万美元。贷款保持年利率 14%，到期日为 2027年3月31日。募集资金用于营运资金，以支持产能扩张、设备引进和产品开发。就此次修订，不发行任何证券。该修订属于关联方交易，因为 Pinnacle Island II LP 合计持有超过 10% 的普通股，且修订仍需获得 TSX Venture Exchange 的最终批准。
- Additional C$5.0M principal capacity increases total loan to C$25.0M
- Proceeds earmarked for working capital to expand production capacity
- No equity issuance tied to the loan, avoiding shareholder dilution
- Loan bears a high interest rate of 14% per annum
- Loan is secured, increasing company leverage by C$5.0M
- Amendment is a related‑party transaction involving a >10% holder
Ottawa, Ontario--(Newsfile Corp. - October 7, 2025) - Enablence Technologies Inc. (TSXV: ENA) ("Enablence" or the "Company"), a leading provider of optical chips for datacom, telecom, automotive and artificial intelligence (AI) applications, is pleased to announce that effective October 6, 2025, it has entered into an amending agreement with Pinnacle Island II LP ("Pinnacle"), which amends the term loan (the "Original Loan") originally provided by Pinnacle to the Company on April 4, 2025 (the "Loan Amendment").
The Loan Amendment increases the total maximum principal under the Original Loan from C
The proceeds of the Loan Amendment will be used for working capital purposes. A full copy of the Loan Amendment will be made available on SEDAR+ under the Company's issuer profile. No securities of the Company will be issued in connection with the Loan Amendment. The Loan Amendment remains subject to final approval of the TSX Venture Exchange (the "Exchange").
"This investment is expected to help us accelerate infrastructure and operational improvements to more quickly onboard new tools, equipment, and processes, which in turn will help us expand capacity and accelerate revenues from both our advanced product portfolio and legacy business," noted Todd Haugen, CEO of Enablence.
"Investment in new capacity to meet continuing strong demand for our legacy datacom solutions, while ensuring we continue to drive new product development efforts to meet growth opportunities in AI and LiDAR will further strengthen our growth plan. Ultimately, this latest capital investment, underscores our ongoing commitment to balancing innovation in advanced AI-enabled, advanced vision and optical technologies with reliable supply of proven, PLC-based, datacom and telecom products, driving both near-term revenue growth and long-term strategic execution."
MI 61-101
The Loan Amendment is a "related party transactions" within the definition of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") because Pinnacle is a "related party" of the Company because they, or their affiliates/related parties together have beneficial ownership of, or control or direction over, more than
About Enablence Technologies Inc.
Enablence is a publicly traded company listed on the Exchange (TSXV: ENA) that designs, markets and sells optical chips and sub systems, primarily in the form of planar lightwave circuits (PLC), on silicon-based chips for datacom, telecom, automotive and artificial intelligence (AI) applications. Enablence products serve a global customer base, primarily focused today on data center and other rapidly growing end markets. Enablence also works with customers that have emerging market uses for its technology, including medical devices, automotive LiDAR, and virtual and augmented reality headsets. In select strategic circumstances, the Company also uses its proprietary, non-captive fabrication plant in Fremont, California to manufacture chips designed by third party customers. For more information, visit: www.enablence.com.
Cautionary Note Regarding Forward-looking Information
This news release contains forward-looking statements regarding the Company based on current expectations and assumptions of management, which involve known and unknown risks and uncertainties associated with our business and the economic environment in which the business operates. All such statements are forward-looking statements under applicable Canadian securities legislation. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements. In particular, this news release contains forward-looking statements pertaining to the ability of the Company to obtain final acceptance of the Exchange in respect of the Loan Amendment; the impact that the Loan Amendment will have on the prospects of the Company, including revenue growth; and the ability of the Company to maintain its business as a going concern. By their nature, forward-looking statements require us to make assumptions. Assumptions are based in part on the future capital expenditure levels and the ability to fulfill all conditions precedent to the closing of the Loan Amendment. These statements are based on current expectations that involve several risks and uncertainties which could cause actual results to differ from those anticipated. These risks include, but are not limited to, risks relating to the Company failing to obtain the final acceptance of the Loan Amendment and ancillary matters; and the ability of the Company to leverage proceeds from the Loan Amendment to improve the financial condition, revenue growth and prospects of the Company. Although the Company believes that the expectations reflected in the forward-looking statements contained in this news release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. We caution our readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Additional information on these and other factors that could affect the Company's operations are set forth in the Company's continuous disclosure documents that can be found on SEDAR+ (www.sedarplus.ca) under Enablence's issuer profile. Enablence does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
For further information, contact:
Stan Besko, MBA
CFO Enablence Technologies Inc.
stan.besko@enablence.com
Todd Haugen
CEO Enablence Technologies Inc.
todd.haugen@enablence.com
Ali Mahdavi
Capital Markets & Investor Relations
am@spinnakercmi.com
Media and Analysts
Alison Parnell
Hill and Kincaid Marketing & PR
press@hillandkincaid.com
Media
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269590
FAQ
What change did Enablence (ENAFF) announce to its term loan on October 6, 2025?
What are the key loan terms for Enablence's amended loan (ENAFF)?
How will Enablence (ENAFF) use the additional C$5.0M from the loan amendment?
Will the Enablence loan amendment (ENAFF) issue new shares?
Is the Enablence loan amendment (ENAFF) subject to regulatory or exchange approval?
Why is the loan amendment for Enablence (ENAFF) a related‑party transaction?
