Business
Thinkific Announces Closing of Secondary Offering of Approximately C$14.5 Million of Rhino Group's Shares
Thinkific Announces Closing of Secondary Offering of Approximately C$14.5 Million of Rhino Group'...
About this update from Thinkific Labs, Inc.
[{"type":"text","content":"\n\n\n\n Thinkific Announces Closing of Secondary Offering of Approximately C$14.5 Million of Rhino Group's Shares\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\n \n\n SERVICES OR FOR DISSEMINATION IN THE\n \n\n UNITED\n \n\n STATES/\n \n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n June 13, 2025\n \n\n /CNW/ - Thinkific Labs Inc. (\"Thinkific\" or the \"Company\") (TSX: THNC), a leading cloud-based software platform that enables entrepreneurs and established businesses of all sizes to create, market, and sell digital learning products, today announced the closing of the previously announced 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\"). Pursuant to the Secondary Offering, Rhino Group sold an aggregate of 6,444,445 Common Shares (the \"Offered Shares\") at a price of\n \n C$2.25\n \n per Offered Share for aggregate gross proceeds to the Rhino Group of\n \n C$14,500,001.25\n \n . The Secondary Offering included 666,665 Offered Shares sold pursuant to the partial exercise by the Underwriters' (as defined below) of the over-allotment option (the \"Over-Allotment Option\") granted to the Underwriters pursuant to an underwriting agreement dated\n \n June 10, 2025\n \n among Thinkific, the Rhino Group, and a syndicate of underwriters (collectively, the \"Underwriters\") led by Cormark Securities Inc. and CIBC Capital Markets (the \"Co-Lead Underwriters\") as co-lead underwriters and joint bookrunners.\n \n\n\n\n\n\n\n\n\n The net proceeds of the Secondary Offering were paid directly to the Rhino Group. The Company did not receive any proceeds from the Secondary Offering.\n \n\n The Secondary Offering was made by way of a prospectus supplement dated\n \n June 10, 2025\n \n (the \"Prospectus Supp...