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Abaxx Announces $10 Million Bought Deal Financing
Abaxx Announces $10 Million Bought Deal Financing Canada NewsWire /NOT FOR DI...
About this update from Abaxx Technologies Inc
[{"type":"text","content":"\n \n \n \n Abaxx Announces $10 Million Bought Deal Financing\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 18, 2024\n \n \n /CNW/ - Abaxx Technologies Inc. (NEO: ABXX) (\"Abaxx\" or the \"Company\"), a financial software and market infrastructure company, majority shareholder of Abaxx Singapore Pte Ltd., the owner of Abaxx Commodity Exchange and Clearinghouse (individually, \"Abaxx Exchange\" and \"Abaxx Clearing\"), and producer of the SmarterMarkets™ Podcast, is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and BMO Capital Markets, as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (collectively, the \"Underwriters\"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 775,000 common shares of the Company (the \"Common Shares\") at a price of\n \n C$13.00\n \n per Common Share (the \"Offering Price\") for aggregate gross proceeds of approximately\n \n C$10,075,000\n \n (the \"Offering\"). The Company has also granted the Underwriters an option to purchase up to an additional 116,250 Common Shares at the Offering Price, to cover over-allotments, if any, and for market-stabilizations purposes, exercisable in whole or in part at any time, for a period of 30 days after the closing of the Offering (the \"Over-Allotment Option\"), which if exercised in full, would increase the aggregate gross proceeds of the Offering to\n \n C$11,586,250\n \n . The Offering is expected to close on or about\n \n March 28, 2024\n \n and is subject to customary closing conditions, including receiving all necessary regulatory approvals.\n \n \n The Offering will be conducted pursuant to the Company's base shelf prospectus dated\n \n March 13, 2024\n \n (the \"Base Shelf Prospectus\"). A prospectus suppl...