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VLCTY Capital and BuildDirect complete qualifying transaction and close C$20 million subscription receipt offering

Fasken
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Overview

Client

BuildDirect.com Technologies Inc.

BuildDirect.com Technologies Inc. (formerly VLCTY Capital Inc.) completed its previously announced qualifying transaction involving a three cornered amalgamation.

The amalgamation agreement included VLCTY acquiring all of the issued and outstanding securities of BuildDirect. On August 6, 2021, VLCTY and BuildDirect filed a filing statement with the TSX Venture Exchange for the previously announced proposed reverse take-over transaction.

Fasken advised BuildDirect with a team led by Steve Saville (Corporate Finance & Securities), and included Gary Ott (M&A), Martin Ferreira Pinho (Corporate Finance & Securities ), Marissa Di Lorenzo (Corporate Finance & Securities), and Geoff Pedlow (M&A).

Jurisdiction

  • British Columbia

Team

  • Steve Saville, Partner | Corporate/Commercial, Vancouver, BC, +1 604 631 3150, [email protected]
  • Gary Ott, Partner | Mergers & Acquisitions, Vancouver, BC, +1 604 631 4724, [email protected]
  • Martin Ferreira Pinho, Partner | Mergers & Acquisitions, Vancouver, BC, +1 604 631 3187, [email protected]
  • Geoff Pedlow, Partner | Technology, Media and Telecommunications, Mergers & Acquisitions, Vancouver, BC, +1 604 631 4765, [email protected]
Steven-Saville-Vancouver-Lawyer Steve Saville Partner | Corporate/Commercial Vancouver, BC +1 604 631 3150
Gary Ott, Partner | Mergers & Acquisitions Gary Ott Partner | Mergers & Acquisitions Vancouver, BC +1 604 631 4724
Martin Ferreira Pinho, Partner | Mergers & Acquisitions Martin Ferreira Pinho Partner | Mergers & Acquisitions Vancouver, BC +1 604 631 3187
Geoff Pedlow, Partner | Technology, Media and Telecommunications, Mergers & Acquisitions Geoff Pedlow Partner | Technology, Media and Telecommunications, Mergers & Acquisitions Vancouver, BC +1 604 631 4765