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AnalytixInsight Inc. Announces Pricing of Overnight Marketed Equity Offering
AnalytixInsight Inc. Announces Pricing of Overnight Marketed Equity Offering Ca...
About this update from Analytixinsight, Inc. (canada)
[{"type":"text","content":"\n \n \n \n AnalytixInsight Inc. Announces Pricing of Overnight Marketed Equity Offering\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n June 10, 2021\n \n /CNW/ - AnalytixInsight Inc. (\"\n \n AnalytixInsight\n \n \" or the \"\n \n Company\n \n \") (TSXV: ALY), is pleased to announce the pricing of its previously-announced overnight marketed public offering (the \"\n \n Offering\n \n \") and that it has entered today into an underwriting agreement (the \"\n \n Underwriting Agreement\n \n \") with a syndicate of underwriters led by Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation, acting as the co-lead underwriters and joint bookrunners, and including Roth Canada, ULC (collectively, the \"\n \n Underwriters\n \n \"), to sell 11,500,000 units of AnalytixInsight (the \"\n \n Units\n \n \") at a price of\n \n $0\n \n .70 per Unit (\"\n \n Issue Price\n \n \") for aggregate gross proceeds of\n \n $8,050,000\n \n , exclusive of the Over-Allotment Option described below.\n \n \n Each Unit consists of one common share of AnalytixInsight (a \"\n \n Common Share\n \n \") and one-half of a common share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each whole Warrant entitles its holder to purchase one common share of AnalytixInsight at a price of\n \n $ 0.90\n \n for a period of 36 months following closing of the Offering, provided that if, at any time following the closing of the Offering, the volume weighted average share price of the Common Shares on the TSX Venture Exchange is greater than\n \n $1\n \n .80 per Common Share for a period of 10 consecutive trading days, AnalytixInsight shall have the right, within 10 business days of the occurrence of such event, to accelerate the expiry date of the warrant by giving notice to the holders of the Warrants, and issuing a concurrent press release, of the accele...