VIQ Solutions Inc. (“VIQ” or the “Company“) (TSX and Nasdaq: VQS) pronounces right now that it has entered into definitive agreements with institutional traders for the acquisition and sale of roughly 4,235,294 models of the Company (the “Units“) at a worth of US$4.25 per Unit for gross proceeds to the Company of roughly US$18,000,000 pursuant to a registered direct providing (the “Offering“).
A.G.P./Alliance Global Partners is performing as sole placement agent for the Offering.
Each Unit consists of 1 frequent share of the Company (a “Common Share”) and one-half of 1 Common Share buy warrant (every entire Common Share buy warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to buy one Common Share (a “Warrant Share”) at an train worth of US$5.00, topic to adjustment in sure circumstances. The Warrants shall be exercisable starting on the date that’s six months following the issuance date thereof (the “Issuance Date”) and can expire 5 years from the Issuance Date.
VIQ intends to make use of the web proceeds from the Offering for persevering with growth of product and repair choices, potential future acquisitions in addition to working capital and common company functions.
The Offering is anticipated to shut on or about September 15, 2021, topic to the satisfaction of closing circumstances, together with however not restricted to, the submitting of purposes to record the Common Shares and Warrant Shares on the Toronto Stock Exchange (the “TSX“) and the Nasdaq Capital Market (the “Nasdaq“).
The Offering is being made within the United States solely beneath the Company’s quick type base shelf prospectus dated June 10, 2021 (the “Base Shelf Prospectus“), filed with the securities regulatory authorities in every of the provinces of Canada apart from Quebec, and the corresponding registration assertion on Form F-10 (the ”Registration Statement“) filed by the Company with the U.S. Securities and Exchange Commission (“SEC“) beneath the U.S./Canada Multijurisdictional Disclosure System (“MJDS“). The Company will file a prospectus complement (the “Supplement“) to the Base Shelf Prospectus on a non-offering foundation with the relevant securities regulatory authorities in Canada. The Supplement can even be filed with the SEC as a part of the Registration Statement beneath the MJDS. Copies of the Supplement and the Base Shelf Prospectus shall be accessible on SEDAR at www.sedar.com and copies of the Supplement and the Registration Statement shall be accessible on EDGAR at www.sec.gov.
Copies of the Supplement, the Base Shelf Prospectus and the Registration Statement might also be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, twenty eighth Floor, New York, NY 10022 or through phone at 212-624-2060 or e mail: [email protected]
No securities regulatory authority has both permitted or disapproved of the contents of this press launch. This press launch is for data functions solely and shall not represent a suggestion to promote or the solicitation of a suggestion to purchase, nor shall there be any sale of those securities in any state or jurisdiction during which such provide, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
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