On April 11, 2024, VitalHub Corp. completed a bought deal offering of 6,709,000 common shares at a price of $6.00 per common share for total gross proceeds of approximately $40.25 million, which included the full exercise of the underwriters’ over allotment option.
The net proceeds of the offering will be used for the company’s growth initiative, which is focused on the acquisition of third-party enterprises in the health care industry which provide synergistic opportunities for the company.
The offering was completed by a syndicate of underwriters led by Cormark Securities Inc., and included Beacon Securities Limited, Canaccord Genuity Corp., Eight Capital, Paradigm Capital Inc., and Roth Canada, Inc.
Cassels acted for the underwriters.