Enbridge Inc. issued and sold 44,735,000 common shares in a public offering priced at CDN$66.85 per share, generating approximately CDN$3.0 billion in aggregate gross proceeds after exercising the full over-allotment option of 5,835,000 shares. The transaction was executed under an underwriting agreement with RBC Dominion Securities Inc. and CIBC World Market Inc., utilizing an effective shelf registration statement filed on August 1, 2025. This equity issuance represents a significant capital raising event for the company. Enbridge Inc. operates in the energy infrastructure industry, owning and operating natural gas pipelines, liquids pipelines, and midstream assets across North America.
