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Tidewater Midstream Announces Upsizing of Tidewater Renewables' Initial Public Offering to $150 Million
Tidewater Midstream Announces Upsizing of Tidewater Renewables' Initial Public Offering t...
About this update from Tidewater Midstream & Infrastructure Ltd.
[{"type":"text","content":"\n \n \n \n Tidewater Midstream Announces Upsizing of Tidewater Renewables' Initial Public Offering to $150 Million\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. NEWS WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n \n \n \n CALGARY, AB\n \n ,\n \n Aug. 12, 2021\n \n /CNW/ - Tidewater Midstream and Infrastructure Ltd. (\"\n \n Tidewater Midstream\n \n \") (TSX: TWM) and its subsidiary, Tidewater Renewables Ltd. (\"\n \n Tidewater Renewables\n \n \" or the \"\n \n Company\n \n \"), is pleased to announce the pricing of the upsized Tidewater Renewables initial public offering of 10,000,000 common shares of the Company (\n \n \"Common Shares\"\n \n ) at a price of\n \n $15.00\n \n per Common Share for aggregate gross proceeds to the Company of\n \n $150,000,000\n \n (the\n \n \"Offering\"\n \n ). The Offering was upsized from an initial size of\n \n $125,000,000\n \n as a result of excess demand.\n \n \n \n \n \n \n \n \n \n Tidewater Renewables has obtained a receipt for its final base PREP prospectus filed with the securities regulatory authorities in each of the provinces of\n \n Canada\n \n and has entered into an underwriting agreement in respect of the Offering. The Toronto Stock Exchange (the \"\n \n TSX\n \n \") has conditionally approved the listing of the Common Shares, subject to the Company fulfilling all of the initial listing requirements and conditions of the TSX on or before\n \n November 8, 2021\n \n . The Common Shares are expected to begin trading on the TSX on an \"if, as and when issued basis\" on\n \n August 13, 2021\n \n under the symbol \"LCFS\". The Offering is expected to close on\n \n August 18, 2021\n \n , subject to customary closing conditions.\n \n \n The Company has granted to the Underwriters (as defined below) an over-allotment option (the \"\n \n Over-Allotment Option\n \n \") to purchase up to an additional 1,500,000 Common Shares at a price of\n \n $15.00\n \n per Common Share for additional gross proceeds of...