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Atrium Mortgage Investment Corporation Announces Exercise, in Full, of Over-Allotment Option
Toronto, Ontario--(Newsfile Corp. - October 25, 2024) - Atrium Mortgage Investment Corporation (T...
About this update from Atrium Mortgage Investment Corp.
[{"type":"text","content":"Atrium Mortgage Investment Corporation Announces Exercise, in Full, of Over-Allotment OptionToronto, Ontario--(Newsfile Corp. - October 25, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) (TSX:AI.DB.D) (TSX:AI.DB.E) (TSX:AI.DB.F) and (TSX:AI.DB.G) (\"Atrium\") is pleased to report that the underwriters of its previously completed public offering of common shares exercised, in full, their over-allotment option, resulting in the issue of an additional 327,750 shares at a price of $11.45 per share. The exercise of the over-allotment option brings the total gross proceeds of the public offering to $28,770,987.50. The underwriting syndicate for the offering of shares was bookrun by TD Securities Inc. and RBC Capital Markets and co-led by CIBC Capital Markets, and included National Bank Financial Inc., BMO Capital Markets, Scotiabank, Canaccord Genuity Corp., iA Private Wealth Inc. and Raymond James Ltd.Atrium will use the net proceeds from the exercise of the over-allotment option to repay existing indebtedness under its revolving operating credit facility, which will then be available to be drawn, as required, for general corporate purposes, particularly funding future mortgage loan opportunities.Further details of the offering are described in Atrium's (final) short form prospectus dated October 1, 2024 (the \"Final Prospectus\") filed with Canadian securities commissions or similar regulatory authorities of each province (except Québec). A copy of the Final Prospectus is available under Atrium's profile on SEDAR+ at www.sedarplus.ca.No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States unless an exemption from registration is available. This news release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Atrium in any jurisdiction. About Atrium Canada's Premier Non-Bank Lender™Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium's objectives are ...