On April 20, 2026, Groupe Dynamite Inc. (TSX: GRGD) announced that 4370368 Canada Inc., a company controlled by Andrew Lutfy, the chief executive officer of Groupe Dynamite (the selling shareholder), had agreed to offer for resale 2,700,000 subordinate voting shares at an offering price of $93.00 per share, for aggregate gross proceeds of approximately $251 million, by way of a bought deal secondary offering. The offering was made by a syndicate of underwriters led by BMO Capital Markets as lead joint bookrunner and manager, with Desjardins Capital Markets, National Bank Capital Markets, RBC Capital Markets and TD Securities Inc. as joint bookrunners, and Canaccord Genuity, Stifel, Barclays, CIBC Capital Markets, Goldman Sachs, Raymond James, Scotiabank and UBS as co-managers, pursuant to a short form base shelf prospectus dated April 20, 2026 and a prospectus supplement dated April 22, 2026. The selling shareholder granted the underwriters a 30-day over-allotment option to purchase up to an additional 15 percent of the offered shares. Concurrently, Groupe Dynamite agreed to repurchase for cancellation $51 million of subordinate voting shares from the selling shareholder at the offering price, pursuant to an exemption order granted by the Autorité des marchés financiers; the buyback was treated as a related party transaction under MI 61-101, reviewed by a special committee of independent directors. The offering closed on April 27, 2026, with Groupe Dynamite itself receiving no proceeds.