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AcuityAds Announces Initial Public Offering in the United States and Public Offering in Canada
AcuityAds Announces Initial Public Offering in the United States and Public Offering in C...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n \n \n \n AcuityAds Announces Initial Public Offering in the United States and Public Offering in Canada\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 June 8, 2021\n \n /CNW/ - AcuityAds Holdings Inc. (TSX: AT) (OTCQX: ACUIF) (\"AcuityAds\" or the \"Company\"), a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across digital advertising channels, today announced the launch of a marketed public offering of AcuityAds' common shares in\n \n the United States\n \n and\n \n Canada\n \n , representing AcuityAds' initial public offering in\n \n the United States\n \n .\n \n \n In connection with the initial public offering in\n \n the United States\n \n , AcuityAds has filed an application to list its common shares on The Nasdaq Capital Market (\"Nasdaq\") under the ticker symbol \"AT\". Trading of AcuityAds' common shares is expected to commence on Nasdaq following pricing of the offering. AcuityAds' common shares will continue to trade on the Toronto Stock Exchange (\"TSX\") under the symbol \"AT\".\n \n \n A total of\n \n US$50 million\n \n of common shares will be offered for sale by the Company in the offering, which will be conducted through a syndicate of underwriters led by Canaccord Genuity and Needham & Company, who are acting as joint lead book-running managers and representatives of the underwriters for the offering. RBC Capital Markets and TD Securities Inc. are also acting as book-running managers for the proposed offering (collectively, the \"Underwriters\"). The offering will be priced in the context of the market with terms, including the price and total size of the offering, to be determined at the time of entering into an underwriting agreement for the offering.\n \n \n AcuityAds will also grant the Underwriters an over-allotment option, exercisable for a period of 30 days from the date of the closing of the offering, to purchase up to\n \n US$7.5 million\n \n of additional common shares, representing...