Little Fish Acquisition I Corp. Completes Initial Public Offering

About this update from Little Fish Acquisition I Corp

[{"type":"text","content":"Little Fish Acquisition I Corp. Completes Initial Public Offering\n \n \n (TheNewswire)\n \n \n \n TORONTO, ONTARIO –\n \n \n TheNewswire\n-\n \n \n October 6, 2021\n \n \n – Little Fish Acquisition I Corp. (TSXV:LILL.P) (the\n\"\n \n \n Company\n \n \n \") is pleased to announce that it has completed its\ninitial public offering (the \"\n \n \n Offering\n \n \n \")\n \n \n in British Columbia and Alberta\nof 2,192,000\n \n \n common shares (the\n\"\n \n \n Common\nShares\n \n \n \") in the capital of the Company at a\nprice of $0.10 per Common Share for gross proceeds of $219,200.\n Following the closing of the Offering today, a total of\n \n \n 4,292,000\n \n \n Common Shares were issued and\noutstanding, of which, 2,100,000 are currently held in escrow pursuant\nto the policies of the TSX Venture Exchange (the \"\n \n \n TSXV\n \n \n \").\n \n \n \n \n The net proceeds of the Offering, together with the\nproceeds from prior sales of Common Shares will be used by the Company\nto identify and evaluate assets or businesses for acquisition with a\nview to completing a \"Qualifying Transaction\" under the\ncapital pool company program of the TSXV.\n \n \n \n \n Research Capital Corporation (the \"\n \n \n Agent\n \n \n \") acted as\nagent for the Offering.  In connection with the Offering, the Company\npaid to the Agent a cash commission of $\n \n \n 17,536\n \n \n , equal to 8% of the aggregate\ngross proceeds of the Offering and granted to the Agent\n \n \n 175,360\n \n \n non-transferrable share\npurchase warrants (the \"\n \n \n Agent's Warrants\n \n \n \"), equal to 8% of the\nnumber of Common Shares delivered by the Agent pursuant to the\nOffering. Each Agent Warrant entitles the holder thereof to acquire\none Common Share at a price of $0.10 per Common Share for a period of\n60 months from the date the Common Shares are listed on the\nTSXV.\n \n \n \n \n At the closing of the Offering, the Company also\ngranted stock options (the \"\n \n \n Options\n \n \n \")\n \n \n to\ndirectors and officers of the Company to acquire up to an aggregate of\n429,200\n \n \n Common Shares exercisable at a price of\n$0.10 per Common Shar\n \n \n e\n \n \n until\n \n \n October 6\n \n \n ,\n2031.\n \n \n \n \n The current directors and officers of the Company are:\nSimon Cheng, Chief Executive Officer and Director; Hei...

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