ROCKPOINT GAS STORAGE INC. LAUNCHES ITS INITIAL PUBLIC OFFERING

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CALGARY, AB, Sept. 26, 2025 /CNW/ - Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") announces today the launch of its previously announced initial public offering of class "A" common shares ("Class A Shares") of the Company (the "Offering") and the commencement of its roadshow following the filing of an amended and restated preliminary base PREP prospectus (the "Amended and Restated Preliminary Prospectus") with the securities regulatory authorities in each of the provinces and territories in Canada. The Company expects the Offering to consist of 22,000,000 Class A Shares to be issued from treasury at an offering price between C$19.00 and C$22.00 per Class A Share for expected gross proceeds between C$418 million and C$484 million, and certain selling shareholders to grant the underwriters an option to acquire up to an additional 3,300,000 Class A Shares, exercisable at any time, in whole or in part, until 30 days after the closing date of the Offering, to cover over-allotments, if any, and for market stabilization purposes.