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EMERGE COMMERCE LTD. ANNOUNCES ANTICIPATED CLOSING DATE OF PUBLIC OFFERING OF DEBENTURE UNITS, PRICING OF WARRANTS AND AMENDMENT TO IMPROVE TERMS OF CREDIT FACILITY
EMERGE COMMERCE LTD. ANNOUNCES ANTICIPATED CLOSING DATE OF PUBLIC OFFERING OF DEBENTURE U...
About this update from Emerge Commerce Ltd
[{"type":"text","content":"\n \n \n \n EMERGE COMMERCE LTD. ANNOUNCES ANTICIPATED CLOSING DATE OF PUBLIC OFFERING OF DEBENTURE UNITS, PRICING OF WARRANTS AND AMENDMENT TO IMPROVE TERMS OF CREDIT FACILITY\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 THE U.S. NEWSWIRE OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Nov. 21, 2022\n \n \n /CNW/ - EMERGE Commerce Ltd. (TSXV: ECOM) (\"\n \n EMERGE\n \n \", or the \"\n \n Company\n \n \"), a diversified acquiror and operator of niche e-commerce brands, is pleased to announce that, further to its press release dated\n \n November 1, 2022\n \n , announcing its marketed public offering (the \"\n \n Offering\n \n \") of convertible debenture units (each a \"\n \n Debenture Unit\n \n \") of the Company, the exercise price of each Warrant (as defined below) has been set at\n \n $0.25\n \n per common share of the Company (each a \"\n \n Common Share\n \n \").\n \n \n Each Debenture Unit consists of one 10.0% senior unsecured convertible debenture of the Company having a face value of\n \n $1,000\n \n , and 4,000 common share purchase warrants of the Company (each a \"\n \n Warrant\n \n \"), each Warrant being exercisable at a price of\n \n $0.25\n \n per Common Share for a period of 36 months. The exercise price of each Warrant was set by mutual agreement between Echelon Capital Markets and Raymond James Ltd., as co-lead agents and joint bookrunners, (together, the \"\n \n Co-Lead Agents\n \n \") together with a syndicate of agents, including Gravitas Securities Inc. and Canaccord Genuity Corp. (together with the Co-Lead Agents, the \"\n \n Agents\n \n \").\n \n \n Closing of the Offering is expected to occur on or about\n \n November 24, 2022\n \n or such other date as the Company and the Agents may agree.\n \n \n This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in\n \n the United States\n \n . The securities have not been and will not be reg...