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Abaxx Technologies Inc. completes C$24.7 million bought deal financing

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Overview

Client

Cormark Securities Inc.

On May 14, 2021, Abaxx Technologies Inc. ("Abaxx") completed its previously announced bought deal offering of units (the "Units"). Abaxx issued a total of 6,506,585 units on a bought deal basis, at an offering price of C$3.80 per Unit, which includes 848,685 Units issued pursuant to the exercise of an over-allotment option, in full, for gross proceeds of approximately C$24.72 million.

The offering was co-led by Cormark Securities Inc. ("Cormark") and BMO Capital Markets, together with Canaccord Genuity Corp. and Raymond James Ltd.

Fasken advised Cormark in connection with this transaction with a team comprised of Grant McGlaughlin, Allison Marks, David Pak, Nazish Mirza and Robin Spillette.

Jurisdiction

  • Ontario

Team

  • Grant E. McGlaughlin, Partner | Co-Leader, Private Equity, Toronto, ON, +1 416 865 4382, [email protected]
  • Allison Marks, Partner | Mergers & Acquisitions, Toronto, ON, +1 416 868 7525, [email protected]
  • Robin Spillette, Student Recruitment and Talent Leader, Toronto, ON, +1 416 868 7817, [email protected]
Grant McGlaughlin Toronto Lawyer Grant E. McGlaughlin Partner | Co-Leader, Private Equity Toronto, ON +1 416 865 4382
Allison Marks Toronto Lawyer Allison Marks Partner | Mergers & Acquisitions Toronto, ON +1 416 868 7525
Robin Spillette Toronto Lawyer Robin Spillette Student Recruitment and Talent Leader Toronto, ON +1 416 868 7817