Last week NowVertical ( $NOW.V $NOWVF ) announced the closing of its marketed public offering of 10,894,756 units at the price of $0.95/unit.
The offering lead to gross proceeds of $10.35M
Each Unit consisted of one subordinate voting share and one-half of one subordinate voting share purchase warrant.
Each Warrant can be used to buy a subordinate voting share at a price of C$1.25 for the next 2 years.
$NOW plans to use the net proceeds of the offering:
- to increase its sales and marketing team
- to increase its finance & operations team
- for product development
- to close potential acquisitions.
- and/or for general and admin expenses
Full press release here: https://www.newswire.ca/news-releas...ption-for-proceeds-of-c-10-35m-842460048.html
$NOW.V up 3% today at $0.97
MC $69.37M
The offering lead to gross proceeds of $10.35M
Each Unit consisted of one subordinate voting share and one-half of one subordinate voting share purchase warrant.
Each Warrant can be used to buy a subordinate voting share at a price of C$1.25 for the next 2 years.
$NOW plans to use the net proceeds of the offering:
- to increase its sales and marketing team
- to increase its finance & operations team
- for product development
- to close potential acquisitions.
- and/or for general and admin expenses
Full press release here: https://www.newswire.ca/news-releas...ption-for-proceeds-of-c-10-35m-842460048.html
$NOW.V up 3% today at $0.97
MC $69.37M