representative work

Cassels Represents Eight Capital in Radient’s $5.75 Million Equity Offering

05/26/2020

On May 26, 2020, Radient Technologies Inc. completed a public equity financing of 28,750,000 units (which includes the exercise in full of the over-allotment option) at a price of $0.20 per unit for aggregate gross proceeds of approximately $5.75 million. Each unit consisted of one common share and one common share purchase warrant of Radient. Each warrant entitles the holder thereof to purchase one common share at an exercise price of $0.30 until May 26, 2023.

The offering was completed by Eight Capital as sole agent.

Cassels acted for Eight Capital with a deal team that included Nancy Choi, Florence Lau and Heesoo Kim (Securities) and Chris Norton (Tax).

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RELATED EXPERTISE: Securities | Taxation