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Kits Eyecare Ltd. Files Final Prospectus For Secondary Offering of Common Shares
Kits Eyecare Ltd. Files Final Prospectus For Secondary Offering of Common Shares Canada...
About this update from Kits Eyecare Ltd.
[{"type":"text","content":"\n\n\n\n Kits Eyecare Ltd. Files Final Prospectus For 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\n Final Short Form Prospectus Accessible on SEDAR+\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. 20, 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 that it has filed with the securities regulatory authorities in each of the provinces of\n \n Canada\n \n , other than Québec, and obtained a receipt for, a final short form prospectus (the \"\n \n Final Prospectus\n \n \") in connection with 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 \") have agreed to purchase, 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 will not receive any proceeds from the Offering.\n \n\n\n\n\n\n\n\n\n The Underwriters have also been granted an over-allotment option (the \"\n \n Over-Allotment Option\n \n \") to purchase up to an additional 168,750 Common Shares from the Selling Securityholders at the Offeri...