Business
VitalHub Corp. Closes $40.25 Million Bought Deal Public Offering with Full Exercise of Over-Allotment Option
Toronto, Ontario--(Newsfile Corp. - April 11, 2024) - VitalHub Corp. (TSX: VHI) (the " Company " ...
About this update from Vitalhub Corp.
[{"type":"text","content":"VitalHub Corp. Closes $40.25 Million Bought Deal Public Offering with Full Exercise of Over-Allotment OptionToronto, Ontario--(Newsfile Corp. - April 11, 2024) - VitalHub Corp. (TSX: VHI) (the \"Company\" or \"VitalHub\") is pleased to announce it has closed its previously announced bought deal offering pursuant to a press release dated March 25, 2024. A total of 6,709,000 common shares of VitalHub (the \"Common Shares\") were sold at a price of $6.00 per Common Share for total gross proceeds of approximately $40.25 million, which included the full exercise of the over-allotment option (the \"Offering\"). The Offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and included Beacon Securities Limited, Canaccord Genuity Corp., Eight Capital, Paradigm Capital Inc., and Roth Canada, Inc. (collectively, the \"Underwriters\").The Common Shares were qualified for distribution by a short form prospectus in the provinces of Ontario, British Columbia and Alberta (the \"Prospectus\").The net proceeds of the Offering will be used for the Company's growth initiative, as further described in the Prospectus. The Company's growth initiative is focused on the acquisition of third-party enterprises in the health care industry which provide synergistic opportunities for the Company.This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements. ABOUT VITALHUBSoftware for Health and Human Services providers designed to simplify the user experience and optimize outcomes.VitalHub provides technology to Health and Human Services providers including Hospitals, Regional Health Authorities, Mental Health, Long Term Care, Home Health, Community and Social ...