On June 26, 2024, Atlas Engineered Products Ltd. (the “Company”) closed a bought deal private placement offering of common shares of the Company (the “Offering”) conducted by Beacon Securities Limited, as lead agent and sole bookrunner, on behalf of a syndicate of underwriters that included included Clarus Securities Inc., Cormark Securities Inc. and Ventum Financial Corp.
The Offering was at a price of $1.35 per share (the “Issue Price”) for gross proceeds of $5,000,400 pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions (“NI 45-106”). Concurrent with the closing of the Offering, the Company completed a private placement of 7,083,300 common shares at the Issue Price to certain purchasers pursuant to applicable exemptions under NI 45-106, for gross proceeds of $9,562,455 (the "Concurrent Private Placement").
As a result of the completion of the Offering and Concurrent Private Placement, the Company raised aggregate gross proceeds of $14,562,855.
Fasken advised Beacon Securities Limited with a team led by John Sabetti and that included Allison Marks, Victoria Zed, Brittany Vanword and Pantea Eshraghi (Capital Markets and M&A).
Jurisdiction
- Canada
