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Early Warning Report in Respect of Thinkific Labs Inc.
Early Warning Report in Respect of Thinkific Labs Inc. Canada NewsWire ...
About this update from Thinkific Labs, Inc.
[{"type":"text","content":"\n \n \n \n Early Warning Report in Respect of Thinkific Labs Inc.\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 14, 2021\n \n /CNW/ -\n \n \n Rhino Ventures today announced that Rhino Co-Invest 2 Limited Partnership (\"\n \n Rhino Co-Invest 2 LP\n \n \"), an entity affiliated with it, agreed to make a distribution\n \n in specie\n \n (the \"\n \n Distribution\n \n \") of 1,839,365 subordinate voting shares (\"\n \n Subordinate Voting Shares\n \n \") in the capital of Thinkific Labs Inc. (the \"\n \n Issuer\n \n \") to its partners. The shares were originally offered pursuant to the final prospectus of the Issuer dated\n \n April 22, 2021\n \n and were acquired at a price of\n \n $13.00\n \n per share from the underwriters participating in the initial public offering of the Issuer on\n \n April 27, 2021\n \n . The effective date of the Distribution was\n \n June 14, 2021\n \n . Rhino Co-Invest 2 LP and its joint actors are referred to herein collectively as the \"\n \n Rhino Group\n \n \".\n \n \n Immediately prior to the Distribution, the Rhino Group was deemed to beneficially own, or have control or direction over, 20,738,112 Multiple Voting Shares in the capital of the Issuer (\"\n \n Multiple Voting Shares\n \n \"), which represented 36.4% of the total Multiple Voting Shares reported outstanding as of\n \n May 11, 2021\n \n and 1,920,000 Subordinate Voting Shares, which represented approximately 9.7% of the total Subordinate Voting Shares reported outstanding as of\n \n May 11, 2021\n \n . The 1,920,000 Subordinate Voting Shares were held by Rhino Co-Invest 2 LP. The Rhino Group's aggregate ownership, control and direction of Multiple Voting Shares and Subordinate Voting Shares immediately prior to the Distribution represented an approximate 29.6% equity interest and an approximate 35.5% voting interest in the Issuer.\n \n \n Immediately following the Distribution, the Rhino Group was deemed to beneficially own, or have control or direction over, 20,738,112 Multiple Voting Sh...