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WonderFi Upsizes Previously Announced Bought Deal Private Placement
WonderFi Upsizes Previously Announced Bought Deal Private Placement Canada News...
About this update from Wonderfi Technologies Inc
[{"type":"text","content":"\n \n \n \n WonderFi Upsizes Previously Announced Bought Deal Private Placement\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. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 20, 2021\n \n /CNW/ - WonderFi Technologies Inc. (NEO: WNDR) (OTC: WONDF) (WKN: A3C166) (\"\n \n WonderFi\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has agreed to increase the size of its previously announced bought deal private placement led by Canaccord Genuity Corp. (the \"\n \n Lead Underwriter\n \n \"). The Lead Underwriter has agreed, on behalf of a syndicate of underwriters (collectively, the \"\n \n Underwriters\n \n \"), to purchase on a bought deal private placement basis an aggregate of 13,520,001 units of the Company (the \"\n \n Units\n \n \") at a price of\n \n C$1.95\n \n per Unit (the \"\n \n Issue Price\n \n \") for aggregate gross proceeds to the Company of\n \n C$26,364,001.95\n \n (the \"\n \n Offering\n \n \"). In addition, the Company has granted the Underwriters an option (the \"\n \n Over-Allotment Option\n \n \"), to purchase up to an additional 2,565,000 Units at a price of\n \n C$1.95\n \n per Unit, for a period of 7 days after and including the Closing Date (as herein defined).\n \n \n Each Unit shall consist of one common share of the Company (a \"\n \n Common Share\n \n \") and one-half of one Common Share purchase warrant of the Company (each whole warrant, a \"\n \n Warrant\n \n \"). Each Warrant shall be exercisable to acquire one Common Share at an exercise price of\n \n C$2.55\n \n for a period of 36 months from the Closing Date, subject to a Warrant acceleration right exercisable by the Company if at any time following the date that is four months and one day following the Closing Date, the daily volume weighted average trading price of the Common Shares on the NEO Exchange (the \"\n \n Exchange\n \n \") is greater than\n \n C$4.00\n \n per Common Share for the prec...