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Else Nutrition Announces Marketed Public Offering of Units
Else Nutrition Announces Marketed Public Offering of Units Canada NewsWire ...
About this update from Else Nutrition Holdings Inc
[{"type":"text","content":"\n \n \n \n Else Nutrition Announces Marketed Public Offering of Units\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\n \n UNITED STATES\n \n NEWS WIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 13, 2021\n \n /CNW/ - Else Nutrition Holdings Inc. (TSXV: BABY) (the \"\n \n Company\n \n \", (\"\n \n The  Company\n \n \" or \"\n \n Else\n \n \"), a leading producer of plant-based baby, toddler and children's food products, is pleased to announce that it has commenced a marketed public offering (the \"\n \n Offering\n \n \") of units (the \"\n \n Units\n \n \") of the Company.\n \n \n The Units will be offered for sale by the Company in the Offering, which will be conducted through a syndicate of underwriters (the \"\n \n Underwriters\n \n \") led by Stifel Nicolaus Canada Inc. and Canaccord Genuity Corp. as co-lead underwriters and co-bookrunners. The Units will be sold at a price of\n \n $2.15\n \n per Unit. The total size of the Offering will be determined in the context of the market, with other terms to be set out in an underwriting agreement for the offering. Each Unit will be comprised of one common share in the capital of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a \"\n \n Warrant\n \n \"). Each Warrant will be exercisable to acquire one Common Share (a \"\n \n Warrant Share\n \n \") for a period of 60 months following the closing of the Offering (the \"\n \n Closing\n \n \") at an exercise price of\n \n $2.70\n \n .\n \n \n The Company has granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), exercisable in whole or in part at any time on or up to 30 days after the closing of the Offering, to purchase, or to find substituted purchasers for, up to an additional number of Units equal to 15% of the number of Units sold pursuant to the Offering at the Issue Price t...