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Wishpond Announces $7 Million Bought Deal Public Offering
Wishpond Announces $7 Million Bought Deal Public Offering Canada NewsWire ...
About this update from Wishpond Technologies Ltd.
[{"type":"text","content":"\n \n \n \n Wishpond Announces $7 Million Bought Deal 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 DISSEMINATION IN\n \n THE UNITED STATES\n \n OR FOR DISTRIBUTION TO\n \n U.S. NEWSWIRE SERVICES./\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Jan. 14, 2021\n \n /CNW/ - Wishpond Technologies Ltd. (TSXV: WISH) (\"\n \n Wishpond\n \n \" or the \"\n \n Company\n \n \"), a provider of marketing-focused online business solutions, today announced that it has entered into an agreement with Beacon Securities Limited (\"\n \n Beacon\n \n \"), as lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters including PI Financial Corp., Desjardins Securities Inc., Haywood Securities Inc. and Paradigm Capital Inc. (collectively with Beacon, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, 4,000,000 common shares (the \"\n \n Offered Shares\n \n \") in the capital of the Company at a price of\n \n $1.75\n \n per Offered Share (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of\n \n $7,000,000\n \n (the \"\n \n Offering\n \n \").\n \n \n In addition, the Company has granted the Underwriters an over-allotment option to purchase up to an additional number of Offered Shares equal to 15% of the Offered Shares sold pursuant to the Offering at the Issue Price, exercisable in whole or in part, by the Underwriters, at any time, and from time to time, up to 30 days from the closing of the Offering.\n \n \n In consideration for the services to be offered by the Underwriters in connection with the Offering, the Company has agreed to pay to the Underwriters a cash commission equal to 7% of the gross proceeds of the Offering (including any proceeds derived from the exercise of the over-allotment option), subject to a reduction to 3% of the gross proceeds of the Offering for purchasers from the Company's president's list. In addition, the Company has also agre...