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Kits Eyecare Ltd. Announces Closing of Secondary Offering of Common Shares
Kits Eyecare Ltd. Announces Closing of Secondary Offering of Common Shares Canada NewsW...
About this update from Kits Eyecare Ltd.
[{"type":"text","content":"\n\n\n\n Kits Eyecare Ltd. Announces Closing of Secondary 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 /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Sept. 26, 2024\n \n\n /CNW/ -\n \n Kits Eyecare Ltd.\n \n (TSX: KITS) (\"\n \n KITS\n \n \" or the \"\n \n Company\n \n \"), a leading vertically integrated eyecare provider, is pleased to announce the closing of the previously announced secondary offering of common shares of the Company (the \"\n \n Common Shares\n \n \") pursuant to which Canaccord Genuity Corp., as sole bookrunner and co-lead underwriter, together with Beacon Securities Limited, as co-lead underwriter, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \") purchased, on a bought deal basis, an aggregate of 1,125,000 Common Shares held by\n \n Roger Hardy\n \n and entities managed by\n \n Roger Hardy\n \n (the \"\n \n Hardy Shareholders\n \n \"), LD Group Holdings Ltd. (\"\n \n LD Group\n \n \") and\n \n Joseph Thompson\n \n (together with the Hardy Shareholders and LD Group, the \"\n \n Selling Securityholders\n \n \") at an offering price of\n \n $10.15\n \n per share (the \"\n \n Offering Price\n \n \") for total gross proceeds to the Selling Securityholders of\n \n $11,418,750\n \n (the \"\n \n Offering\n \n \"). KITS did not receive any proceeds from the Offering.\n \n\n\n\n\n\n\n\n\n Prior to the Offering,\n \n Roger Hardy\n \n , directly or indirectly, owned or controlled an aggregate of 10,077,860 Common Shares, representing approximately 31.93% of the issued and outstanding Common Shares. Immediately following the closing of the Offering,\n \n Roger Hardy\n \n , directly or indirectly, owns or controls an aggregate of 9,152,860 Common Shares, representing approximately 29.0% of the issued and outstanding Common Shares; the LD Group, directly or indirectly, owns or controls 10,520,589 Common Shares...