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Tidewater Renewables Announces Closing of Exercise of Over-Allotment Option in Connection With Initial Public Offering
Tidewater Renewables Announces Closing of Exercise of Over-Allotment Option in Connection...
About this update from Tidewater Renewables Ltd.
[{"type":"text","content":"\n \n \n \n Tidewater Renewables Announces Closing of Exercise of Over-Allotment Option in Connection With Initial Public Offering\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 Sept. 15, 2021\n \n /CNW/ - Tidewater Renewables Ltd. (\"\n \n Tidewater Renewables\n \n \" or the \"\n \n Company\n \n \") (TSX: LCFS), today announced that, further to its recently completed initial public offering (the \"\n \n Offering\n \n \") of an aggregate of 10,000,000 common shares (the \"\n \n Common Shares\n \n \") at a price of\n \n $15.00\n \n per Common Share (the \"\n \n Offering Price\n \n \"), Tidewater Renewables has issued an additional 735,000 Common Shares at the Offering Price pursuant to the over-allotment option granted by the Company to the Underwriters (as defined herein), in connection with  the Offering, for additional gross proceeds of\n \n $11,025,000\n \n . The exercise of the over-allotment option has increased the total gross proceeds of the Offering to\n \n $161,025,000\n \n .\n \n \n \n \n \n \n \n \n \n CIBC Capital Markets and National Bank Financial acted as lead underwriters and joint ‎bookrunners for the Offering with a syndicate that included ATB ‎Capital Markets., RBC Capital Markets, Acumen Capital Partners, ‎Canaccord Genuity, ‎Scotia Capital Inc., Stifel FirstEnergy, Tudor, Pickering, Holt & Co., Echelon Wealth ‎Partners Inc., iA Private Wealth Inc., INFOR Financial Inc., and Paradigm Capital Inc. (collectively, the \"\n \n Underwriters\n \n \").‎\n \n \n The Common Shares of Tidewater Renewables trade on the Toronto Stock Exchange under the symbol \"LCFS\".‎\n \n \n The Offering was completed pursuant to the Company's supplemented PREP prospectus dated ‎August 12, 2021 (the \"\n \n Prospectus\n \n \"), filed with the securities regulators in each of the provinces o...