On February 28, 2023, NowVertical Group Inc. closed a marketed public offering of 9,631,500 units at a price of $0.52 per unit for aggregate gross proceeds of approximately $5 million, which includes a partial exercise of the agents’ over-allotment option.
The offering was led by Beacon Securities Limited, as lead agent and sole book-runner on behalf of a syndicate of agents including, Canaccord Genuity Corp. and Echelon Wealth Partners Inc.
Cassels acted for the agents.