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EQ Inc. Announces Size and Pricing of Previously Announced Overnight Marketed Public Offering of Common Shares
EQ Inc. Announces Size and Pricing of Previously Announced Overnight Marketed Public Offe...
About this update from Eq Inc.
[{"type":"text","content":"\n \n \n \n EQ Inc. Announces Size and Pricing of Previously Announced Overnight Marketed Public Offering of Common Shares\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 \n NOT FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n ,\n \n Feb. 4, 2021\n \n /CNW/ - EQ Inc. (TSXV: EQ) (\"\n \n EQ\n \n \" or the \"\n \n Company\n \n \"), a leader in geospatial data and artificial intelligence driven software, announced today the pricing of its previously announced overnight marketed offering (the \"\n \n Offering\n \n \") of an aggregate of 6,250,000 common shares in the capital of the Company (the \"\n \n Offered Securities\n \n \") at a price of\n \n C$1\n \n .60 per Offered Security for total gross proceeds of\n \n C$10,000,000\n \n .\n \n \n The Offered Securities will be offered by way of a short form prospectus to be filed in each of the Provinces of Canada, other than Québec, (the \"\n \n Prospectus\n \n \") and in the United States on a private placement basis to \"qualified institutional buyers\" pursuant to an exemption from the registration requirements of the United States\n \n Securities Act of 1933\n \n , as amended (the \"\n \n U.S. Securities Act\n \n \"), and by private placement to eligible purchasers resident in jurisdictions other than\n \n Canada\n \n and\n \n the United States\n \n .\n \n \n Canaccord Genuity Corp., as sole bookrunner, and Echelon Wealth Partners Inc. co-led the syndicate of underwriters for the Offering, which included Eight Capital and Desjardins Securities Inc. (together, the \"\n \n Underwriters\n \n \").\n \n \n The Offering is expected to close on or about\n \n February 19, 2021\n \n , or such other date as the Company and the Underwriters may agree. Closing of the Offering is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, such as the approval of applicable securitie...