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WELL Health Completes Oversubscribed $70 Million Bought Deal Offering of Convertible Debentures
WELL Health Completes Oversubscribed $70 Million Bought Deal Offering of Convertible Debe...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n \n \n \n WELL Health Completes Oversubscribed $70 Million Bought Deal Offering of Convertible Debentures\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n /THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN\n \n CANADA\n \n ONLY AND MAY NOT BE DISTRIBUTED IN\n \n THE UNITED STATES\n \n OR DISSEMINATED ON\n \n UNITED STATES\n \n NEWSWIRE SERVICES./\n \n \n \n VANCOUVER, BC\n \n ,\n \n Nov. 25, 2021\n \n /CNW/ - WELL Health Technologies Corp. (TSX: WELL) (\"\n \n WELL\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that, further to its news release dated\n \n November 15, 2021\n \n , it has completed its previously announced bought deal public offering of\n \n $70 million\n \n aggregate principal amount of convertible senior unsecured debentures of the Company due\n \n December 31, 2026\n \n (the \"\n \n Debentures\n \n \") at a price of\n \n $1,000\n \n per Debenture (the \"\n \n Offering\n \n \"), including\n \n $5 million\n \n aggregate principal amount of Debentures issued pursuant to the over-allotment option which was exercised in full. The Debentures have a coupon of 5.50% per annum and a conversion price of\n \n $9.23\n \n per WELL common share, subject to adjustments in certain circumstances.\n \n \n \n \n \n \n \n \n \n Eight Capital and Scotiabank acted as joint bookrunners of the Offering, together with a syndicate of underwriters that also included Stifel GMP as co-lead underwriter and Canaccord Genuity Corp., CIBC World Markets Inc., Desjardins Securities Inc., Laurentian Bank Securities Inc., TD Securities Inc., Beacon Securities Limited, Echelon Wealth Partners Inc., Haywood Securities Inc., Paradigm Capital Inc. and PI Financial Corp. (collectively, the \"\n \n Underwriters\n \n \").\n \n \n \n Hamed Shahbazi\n \n , Chairman and CEO of WELL, commented, \"We wish to thank the investment community and in particular the high-quality institutional investors who have supported us in this Offering. These funds will allow us to continue to execute on our growth strategy for 2022 and beyond, and we look...