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Thinkific Announces Closing of Approximately C$450,005 of Remaining Exercise of Secondary Offering Over-Allotment Option
Thinkific Announces Closing of Approximately C$450,005 of Remaining Exercise of Secondary Offerin...
About this update from Thinkific Labs, Inc.
[{"type":"text","content":"\n\n\n\n Thinkific Announces Closing of Approximately C$450,005 of Remaining Exercise of Secondary Offering 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\n\n /NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n July 10, 2025\n \n\n /CNW/ - Thinkific Labs Inc. (\"Thinkific\" or the \"Company\") (TSX: THNC), a leading learning commerce platform, today announced that further to the previously announced closing of the secondary bought deal offering (the \"Secondary Offering\") of common shares of Thinkific (\"Common Shares\"), held by the Rhino Group, through Rhino Co-Invest 1 Limited Partnership, Vancouver Founder Fund (VCC) Inc., Vancouver Founder Fund Limited Partnership and VFF II Limited Partnership (collectively, \"Rhino Group\"), the syndicate of Underwriters (as defined below) have exercised the remaining portion of their over-allotment option (the \"Over-Allotment Option\") in full and have purchased an additional 200,002 Common Shares from the Rhino Group for additional gross proceeds to the Rhino Group of approximately\n \n C$450,004.50\n \n . The gross proceeds to Rhino Group from the Secondary Offering and the full exercise of the Over-Allotment Option in the aggregate is approximately\n \n C$14,950,005.75\n \n .\n \n\n\n\n\n\n\n\n\n Following the Secondary Offering including the full exercise of the Over-Allotment Option, Rhino Group, in the aggregate, beneficially owns 9,634,631 Common Shares, representing approximately 14.16% of the issued and outstanding Common Shares of the Company, on a non-diluted basis.\n \n\n The Secondary Offering was led by Cormark Securities Inc. and CIBC Capital Markets as co-lead underwriters and joint bookrunners, together with a syndicate of underwriters (collectively, the \"Underwriters\").\n \n\n The net proceeds of the Secondary Offering and the Over-Allotment Option were paid directly to the Rhino Group. The Company did not receive any proceeds...