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EMERGE Announces Best Efforts Private Placement Offering of up to $10 Million Led by Canaccord Genuity and Gravitas Securities
EMERGE Announces Best Efforts Private Placement Offering of up to $10 Million Led by Cana...
About this update from Emerge Commerce Ltd
[{"type":"text","content":"\n \n \n \n EMERGE Announces Best Efforts Private Placement Offering of up to $10 Million Led by Canaccord Genuity and Gravitas Securities\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TORONTO\n \n ,\n \n Feb. 17, 2021\n \n /CNW/ -\n \n \n EMERGE Commerce Ltd.\n \n \n (TSXV: ECOM) (\"\n \n EMERGE\n \n \" or the\n \n \"Company\n \n \"), a leading acquirer and operator of direct-to-consumer e-commerce brands, is pleased to announce that it is proceeding with a private placement offering of special warrants of the Company (\"\n \n Special Warrants\n \n \") on a commercially reasonable best efforts basis (the \"\n \n Offering\n \n \"), subject to all necessary approvals. The Offering is being led by Canaccord Genuity Corp. and Gravitas Securities Inc., as co-bookrunners and co-lead agents (the \"\n \n Bookrunners\n \n \"), together with Raymond James Ltd., as co-lead agent and Stifel Nicolaus Canada Inc. (collectively with the Bookrunners, the \"\n \n Agents\n \n \"). The closing date is expected to be on or about the week of\n \n March 8, 2021\n \n (the \"\n \n Closing Date\n \n \").\n \n \n Pursuant to the Offering, the Company will issue Special Warrants at a price per Special Warrant (the \"\n \n Special Warrant Price\n \n \") to be determined in the context of the market, for gross proceeds of up to\n \n $10,000,000\n \n (or such greater amount as agreed to by the Company and the Bookrunners). Each Special Warrant shall be exercisable for one common share in the capital of the Company (a \"\n \n Common Share\n \n \") at no additional cost, each Common Share resulting from such exercise, is referred to as an \"\n \n Offering\n \n \n Share\n \n \".\n \n \n The Company will grant the Agents an option exercisable in whole or in part, at any time up until 48 hours prior to the Closing Date, to increase the size of the Offering by up to 15% of the number of the number of Special Warrants sold pursuant to the Offering, on the same terms and conditions as the Offering.\n \n \n Subject to compliance with applicable regulatory r...