TORONTO, Oct. 3, 2024 /CNW/ – Propel Holdings Inc. (“Propel” or the “Company“) (TSX: PRL) the fintech facilitating access to credit for underserved consumers, today announced that it has closed its previously announced bought deal offering of 4,186,000 subscription receipts of the Company (“Subscription Receipts“) (including 546,000 Subscription Receipts issued pursuant to the exercise in full by the syndicate of Underwriters (defined below) of their over-allotment option granted by the Company), at a price of C$27.50 per Subscription Receipt, for gross aggregate proceeds of C$115,115,000 (the “Offering“). The Subscription Receipts issued pursuant to the Offering will trade on the Toronto Stock Exchange under the ticker symbol PRL.R.