On April 21, 2022, VitalHub Corp. closed a bought deal public offering of 5,645,200 common shares at a price of $3.10 per common share for total gross proceeds of approximately $17.5 million.
The net proceeds of the offering will be used for growth initiatives and mergers and acquisitions. VitalHub’s growth initiative is focused on the acquisition of third-party enterprises in the health care industry which provide synergistic opportunities for the company.
The offering was co-led by Cormark Securities Inc. and Eight Capital, and on behalf of a syndicate of underwriters including Beacon Securities Limited, Canaccord Genuity Corp. and Roth Canada, Inc.
Cassels acted for the underwriters.