Business
Pivotree Inc. Announces Closing of Over-allotment Option
Pivotree Inc. Announces Closing of Over-allotment Option Canada NewsWire TO...
About this update from Pivotree, Inc.
[{"type":"text","content":"\n \n \n \n Pivotree Inc. Announces Closing of Over-allotment Option\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 TORONTO, Nov. 6, 2020\n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE\n \n SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n TORONTO\n \n ,\n \n Nov. 6, 2020\n \n /CNW/ - Pivotree Inc. (\"\n \n Pivotree\n \n \" or the \"\n \n Company\n \n \"), a leading global commerce and master data management (\"\n \n MDM\n \n \") services provider, today announced that further to its recently completed initial public offering (the \"\n \n Offering\n \n \") of 7,059,000 common shares at a price of\n \n C$8.50\n \n per share, the over-allotment option granted to the underwriters under the Offering to purchase up to an additional 1,058,850 common shares at a price of\n \n C$8.50\n \n per share (the \"\n \n Over-Allotment Option\n \n \") was exercised in full, generating additional gross proceeds to the Company of\n \n C$9,000,225\n \n . The sale of additional common shares increases the total gross proceeds of the Offering to\n \n C$69,001,725\n \n . Following the exercise of the Over-Allotment Option, there are 24,684,123 common shares issued and outstanding.\n \n \n \n \n \n \n \n \n \n The common shares of the Company began trading on the TSX Venture Exchange on\n \n October 30, 2020\n \n under the symbol \"PVT\".\n \n \n No securities regulatory authority has either approved or disapproved of the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.\n \n \n The securities under the Offering have not been, and will not be, registered under the\n \n United States Securities Act of 1933\n \n , as amended (the \"\n \n U.S. Securities Act\n \n \"), or the securities laws of any state of\n \n the United States\n \n and may not be offered, sold ...