Skip to main content
This website uses cookies. By continuing to use this website you are agreeing to our use of cookies as described in our privacy policy.
Client Work

Azure Dynamics completes US$6.05 million public offering

Fasken
Reading Time 1 minute read Subscribe
Client

Azure Dynamics Corporation

On November 18, 2011, Azure Dynamics Corporation (TSX:AZD) (Azure Dynamics) announced the successful closing of its previously announced public offering of 55,000,000 units. On November 23, 2011, the agents also exercised their over-allotment option for an additional 8,062,974 units. The total offering of 63,062,974 units resulted in Azure Dynamics receiving aggregate gross proceeds of approximately $6.9 million. The offering was conducted through a syndicate of agents co-led by Raymond James Ltd. and Cormark Securities Inc. and included National Bank Financial Inc. Azure Dynamics is a world leader in the development and production of hybrid electric and electric components and powertrain systems for commercial vehicles. Azure Dynamics was advised in this matter by a team of Fasken Martineau lawyers that included, among others, Daniel Batista, Alex Nikolic, Andrew Teehan and Caitlin Fell.

    Subscribe

    Receive email updates from our team

    Subscribe