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High Tide Announces Closing Of $10 Million Bought Deal Equity Financing, Including Exercise In Full Of Over-Allotment Option
High Tide Announces Closing Of $10 Million Bought Deal Equity Financing, Including Exerci...
About this update from High Tide, Inc.
[{"type":"text","content":"\n \n \n \n High Tide Announces Closing Of $10 Million Bought Deal Equity Financing, Including Exercise In Full Of Over-Allotment Option\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 /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO\n \n UNITED STATES\n \n NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 22, 2022\n \n \n /CNW/ - High Tide Inc. (\"\n \n High Tide\n \n \" or the \"\n \n Company\n \n \") (Nasdaq: HITI) (TSXV: HITI) (FSE: 2LYA), a leading retail-focused cannabis company with bricks-and-mortar as well as global e-commerce assets, is pleased to announce the closing of its previously announced \"bought deal\" offering (the \"\n \n Offering\n \n \") of units of the Company (the \"\n \n Units\n \n \"), including the exercise in full of the underwriters' over-allotment option. The Offering was led by Echelon Wealth Partners Inc., together with ATB Capital Markets Inc., Beacon Securities Limited, Roth Canada, Inc. and Eight Capital (collectively, the \"\n \n Underwriters\n \n \").\n \n \n \n \n \n \n \n \n \n In connection with the Offering, the Company issued an aggregate of 4,956,960 Units at a price of\n \n $2.32\n \n per Unit, for aggregate gross proceeds of\n \n $11,500,147.20\n \n . Each Unit is comprised of one common share of the Company (each, a \"\n \n Common Share\n \n \") and one Common Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to acquire one Common Share of the Company for a period of 60 months from closing of the Offering at an exercise price of\n \n $2.73\n \n per Warrant.\n \n \n The TSX Venture Exchange (\"\n \n TSXV\n \n \") has conditionally approved the listing of the Common Shares and the Common Shares issuable upon the exercise of the Warrants. Listing will be subject to the Company fulfilling all the listing requirements of the TSXV.\n \n \n The net proceeds of the Offering will ...