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AcuityAds Holdings Inc. Announces CDN $4 Million Bought Deal Private Placement Financing with Gravitas Securities Inc. as Lead Underwriter
AcuityAds Holdings Inc. Announces CDN $4 Million Bought Deal Private Placement Financing w...
About this update from Illumin Holdings Inc.
[{"type":"text","content":"\n\n\n\nAcuityAds Holdings Inc. Announces CDN $4 Million Bought Deal Private Placement Financing with Gravitas Securities Inc. as Lead Underwriter\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\nAcuityAds Holdings Inc. Announces CDN $4 Million Bought Deal Private Placement Financing with Gravitas Securities Inc. as Lead Underwriter\nCanada NewsWire\nTORONTO/NEW YORK, Dec. 1, 2016\n\n\n\n/THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./\n\n\n\nTORONTO/NEW YORK, Dec. 1, 2016 /CNW/ - AcuityAds Holdings Inc. (TSX-V: AT) (\"Acuity\" or the \"Company\") a technology leader that provides targeted digital media solutions enabling advertisers to connect intelligently with audiences across video, mobile, social and online display campaigns announced today that it has entered into an agreement with Gravitas Securities Inc. (\"GSI\" or the \"Lead Underwriter\") and such other co-underwriters (collectively, the \"Underwriters\") as may be agreed to by the Lead Underwriter, pursuant to which GSI has agreed to purchase, on a bought deal private placement basis, 1,890,000 common shares (the \"Shares\") of the Company, at a price of $2.12 per Share (the \"Offering Price\") for aggregate gross proceeds to Acuity of $4,006,800 (the \"Offering\").\n\nThe Company has also agreed to grant the Lead Underwriter an over-allotment option to offer, at the Offering Price, up to that number of additional Shares as is equal to 15% of the number of Shares in the Offering, on the same terms and conditions as the Offering, increasing the size of the offering to a maximum of 2,173,500 Shares. The over-allotment option may be exercised in whole or in part at any time 24 hours prior to the Closing Date.  If this option is exercised in full, an additional $601,020 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $4,607,820.\n\nThe net proceeds from the Offering are expected to be used for working capital and general corporate purposes. ...