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SATO closes C$1.5M private placement to fund AI and computing projects in Québec and Bhutan

Company Fundamentals
08 Sep 2026
Newsfile Corp
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Bullish
SATO closes C$1.5M private placement to fund AI and computing projects in Québec and Bhutan

SATO Technologies Corp. has closed a non-brokered private placement raising C$1.5 million by issuing nearly 15 million units at C$0.10 each. The funds will support the conversion of its Joliette facility in Québec to AI and high-performance computing and advance a new project in Bhutan aimed at meeting growing compute demand in India. Two insiders participated in the offering, which is subject to final TSX Venture Exchange approval. This financing marks a key step in SATO's strategic growth in sovereign computing capacity and international expansion.

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