AcuityAds Holdings Inc., immediately introduced the pricing of its previously-announced marketed public providing of widespread shares in the US and Canada. The underwriters have agreed to buy, at a value of US$10.15 per share, an combination of 4,926,109 widespread shares (the “Frequent Shares”) from the Firm for combination gross proceeds of US$50,000,006.
The Frequent Shares of the Firm are anticipated to start buying and selling on The Nasdaq Capital Market (“Nasdaq”) below the image “ATY” on June 10, 2021, and can proceed to commerce on the Toronto Inventory Alternate below the image “AT”. The providing is predicted to shut on June 14, 2021, topic to customary closing situations.
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The providing is being carried out by a syndicate of underwriters led by Canaccord Genuity and Needham & Firm, who’re appearing as joint lead book-running managers and representatives of the underwriters for the providing. RBC Capital Markets and TD Securities Inc. are additionally appearing as book-running managers for the proposed providing, and with Lake Road Capital Markets, LLC, Roth Canada, ULC, Eight Capital, Desjardins Securities Inc., Echelon Wealth Companions Inc. and Paradigm Capital Inc. as co-managers (collectively, the “Underwriters”).
AcuityAds has additionally granted the Underwriters an over-allotment choice, exercisable for a interval of 30 days from the date of the closing of the providing, to buy as much as 738,916 extra widespread shares, representing within the combination 15% of the whole variety of widespread shares to be offered pursuant to the providing.
AcuityAds at the moment expects that the online proceeds of the providing might be used primarily to strengthen the Firm’s monetary place and permit the Firm to pursue its progress methods.
In reference to the providing, AcuityAds has filed a preliminary prospectus complement and can file a ultimate prospectus complement to its quick kind base shelf prospectus dated December 30, 2020. The preliminary prospectus complement was filed, and the ultimate prospectus complement might be filed, with the securities regulatory authorities in every of the provinces and territories of Canada, and the bottom shelf prospectus and preliminary prospectus complement have been filed with the U.S. Securities and Alternate fee as a part of a registration assertion on Kind F-10 below the U.S.—Canada multijurisdictional disclosure system. The general public providing is being made in every of the provinces and territories of Canada, apart from Québec, solely by way of the bottom shelf prospectus and preliminary prospectus complement and in the US solely by way of the registration assertion, together with the bottom shelf prospectus and preliminary prospectus complement. Such paperwork comprise vital details about the providing.
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Potential traders ought to learn the bottom shelf prospectus and the preliminary prospectus complement in addition to the registration assertion earlier than investing choice.
The Firm can also be happy to announce the termination of the automated securities disposition plans (every a “Plan”) of Tal Hayek, Joe Ontman, and Rachel Kapcan (collectively, the “Co-Founders”) which initially grew to become efficient on September 19, 2020. Below every of the Plans, an impartial dealer engaged by every Co-Founder might promote, on behalf of the Co-Founder, as much as 15,000 widespread shares of AcuityAds on the open market monthly over a interval of twelve months at prevailing market costs (topic to sure minimal value thresholds). The Co-Founders have suggested the Firm that, following the announcement of the providing, they aren’t conscious of, or in possession of, any materials private data relating to the Firm or its subsidiaries, or any securities of the Firm, as on the date hereof.
No securities regulatory authority has both authorized or disapproved the contents of this press launch. This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase nor shall there by any sale of the widespread shares in any province, state or jurisdiction by which such supply, solicitation, or sale can be illegal previous to the registration or qualification below the securities legal guidelines of any such province, state or jurisdiction.
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