On June 28, 2021, AnalytixInsight Inc. ("AnalytixInsight" or the "Company") (TSXV: ALY), announced that it closed its previously-announced overnight marketed public offering (the “Offering”) for aggregate gross proceeds of C$9,257,500, including full exercise of the over-allotment option. Canaccord Genuity Corp. and Cantor Fitzgerald Canada Corporation acted as the co-lead underwriters and joint bookrunners for the Offering, and the syndicate of underwriters included Roth Canada, ULC.
The Company filed a short form prospectus with the securities regulatory authorities in each of the provinces of Canada (other than Quebec) in connection with the offering of units of the Company (the "Units"). Each Unit consists of one common share of the Company (a "Common Share") and one half of one Common Share purchase warrant (each whole warrant, a "Warrant").
Each Warrant entitles its holder to purchase one Common Share at $0.90 for 36 months following the closing of the Offering, subject to acceleration in certain circumstances. The Warrants were subsequently listed on the TSX Venture Exchange.
We acted on behalf of AnalytixInsight Inc. with a team led by Samuel Li and included Steve Saville, Alex Nikolic, Martin Ferreira Pinho and Leo Daniels (Corporate Finance) and Mike Coburn (Tax).
Jurisdiction
- British Columbia
