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Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Securities of Docebo Inc. by Intercap Equity Inc.
Early Warning Report Issued Pursuant to National Instrument 62‐103 Acquisition of Securiti...
About this update from Docebo, Inc.
[{"type":"text","content":"\n\n\nEarly Warning Report Issued Pursuant to National Instrument 62‐103 Acquisition of Securities of Docebo Inc. by Intercap Equity Inc.\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\n\n\n\n\nCanada NewsWire\n\n\nTORONTO, Nov. 28, 2025 /CNW/ - This press release is being disseminated as required by National Instrument 62‐103 – The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the \"Early Warning Report\") by Intercap Equity Inc. (\"Intercap\") and its joint actors regarding a definitive agreement entered into by Intercap to acquire common shares (\"Common Shares\") of Docebo Inc. (TSX: DCBO) (Nasdaq: DCBO) (\"Docebo\").\nOn November 27, 2025, Intercap entered into a definitive agreement pursuant to which it agreed to acquire 3,630,715 Common Shares (the \"Purchased Shares\") from WPGG 14 Investment Ltd. IV (\"WP\") for an aggregate cash purchase price of US$68,148,520.55 (C$95,810,005.04), being US$18.77 (C$26.39) per Common Share (the \"Transaction\"). The closing of the Transaction is expected to occur on or about February 27, 2026, subject to limited closing conditions.\nThe equity interests of Intercap are beneficially owned, controlled or directed, directly or indirectly, by Jason Chapnik, Chairman and Chief Executive Officer of Intercap and accordingly, Mr. Chapnik is a joint actor with Intercap.\nIntercap and Mr. Chapnik beneficially own, control or direct, 12,686,019 Common Shares, representing approximately 44.15% of the outstanding Common Shares (or 42.11% on a fully diluted basis). Following the Transaction, if completed, Intercap and Mr. Chapnik will beneficially own, control or direct 16,316,734 Common Shares, representing approximately 56.78% of the outstanding Common Shares (or 54.16% on a fully diluted basis), excluding any deferred share units that may be granted to Mr. Chapnik following the date hereof but prior to the closing of the Transaction in consideration f...