Business
Global Atomic Announces Filing of its Final Prospectus in respect of its $100 Million Underwritten Offering
Global Atomic Announces Filing of its Final Prospectus in respect of its $100 Million Underwritte...
About this update from Global Atomic Corporation
[{"type":"text","content":"\n \n \n \n Global Atomic Announces Filing of its Final Prospectus in respect of its $100 Million Underwritten Offering\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 NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 9, 2023\n \n \n /CNW/ - Global Atomic Corporation (\"Global Atomic\" or the \"Company\") (TSX: GLO), (FRANKFURT: G12) is pleased to announce that it has filed a final short form prospectus with the securities regulatory authorities in each of the provinces of\n \n Canada\n \n (other than Québec) in relation to its previously announced overnight marketed public offering (the \"Offering\") of units of the Company (the \"Units\").\n \n \n \n \n \n \n \n \n \n Pursuant to the underwriting agreement between the Company and Red Cloud Securities Inc., as lead underwriter and sole bookrunner, and Cormark Securities Inc. (together, the \"Underwriters\"), the Underwriters have agreed to purchase 28,571,430 Units at a price of\n \n C$3.50\n \n per Unit for aggregate gross proceeds of\n \n C$100,000,005\n \n .\n \n \n Each Unit will consist of one common share of the Company (each, a \"Common Share\") and one half of one Common Share purchase warrant (each whole warrant, a \"Warrant\"). Each Warrant will be exercisable for one Common Share (each, a \"Warrant Share\") at a price of\n \n C$4.40\n \n per Warrant Share (the \"Offering Price\") at any time for a period of 36 months following the closing of the Offering.\n \n \n The Company has granted the Underwriters an option, exercisable in whole or in part, at the sole discretion of the Underwriters, at any time for a period of 30 days from and including the closing of the Offering, to purchase from the Company for resale up to an additional 15% of the number of Units sold under the Offering, on the same terms and conditions of the Offering to cover over-allotments, if any, and for market stabilization purposes (the ...