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NowVertical Group Inc. Announces Upsize and Pricing of Overnight Marketed Public Offering
NowVertical Group Inc. Announces Upsize and Pricing of Overnight Marketed Public Offering...
About this update from Nowvertical Group Inc
[{"type":"text","content":"\n \n \n \n NowVertical Group Inc. Announces Upsize and Pricing of Overnight Marketed Public Offering\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 /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n TORONTO\n \n , Nov. 11, 2021 /CNW/ - NowVertical Group Inc. (TSXV: NOW) (\"\n \n NOW\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that due to strong investor demand, it has increased the size of its previously announced overnight marketed public offering (the \"\n \n Offering\n \n \") of units of the Company (the \"\n \n Units\n \n \"). Under the amended terms, the Company intends to issue the Units at a price of\n \n C$0\n \n .95 per Unit, for minimum gross proceeds of\n \n C$5,000,000\n \n and maximum gross proceeds of\n \n C$9,000,015\n \n (\"\n \n Maximum Offering\n \n \n Size\n \n \"). In the event the Over-Allotment Option (as defined below) is exercised in full under the Maximum Offering Size, the aggregate gross proceeds of the Offering will be\n \n C$10,350,017\n \n .\n \n \n \n \n \n \n \n \n \n The Company filed a preliminary short form prospectus in respect of the Offering with the securities commissions of each of the Provinces of\n \n Canada\n \n , except\n \n Quebec\n \n , on\n \n November 10, 2021\n \n . The amended terms of the Offering will be included in the final short form prospectus for the Offering.\n \n \n Each Unit will consist of one subordinate voting share of the Company (each a \"\n \n Subordinate Voting Share\n \n \") and one-half of one Subordinate Voting Share purchase warrant (each whole warrant, a \"\n \n Warrant\n \n \" and collectively the \"\n \n Warrants\n \n \"). Each Warrant will be exercisable for one Subordinate Voting Share at a price of\n \n C$1.25\n \n per Subordinate Voting Share for a period of 24 months following closing of the Offering.\n \n \n The Offering will be conducted by Echelon Wealth Partners Inc. (the \"\n \n Ag\n \n \...