representative work

Quisitive Completes $16 Million Bought Deal Financing


On June 26, 2020, Quisitive Technology Solutions, Inc. completed a bought deal financing of 21,333,405 units at a price of $0.75 per unit for aggregate gross proceeds of $16 million, which included the exercise in full of a president’s list option and an over-allotment option. Each unit consisted of one common share and one-half of one common share purchase warrant of Quisitive, with each whole warrant entitling the holder thereof to acquire one common share at a price of $1.10 for a period of two years from the closing date, subject to acceleration.

Cassels acted for Quisitive with a deal team that included Jay Goldman, David Gardos and David Singh (Securities and High Growth & Venture Capital) and Chris Norton and Tera Li Parizeau (Tax).

RELATED EXPERTISE: Securities | High Growth & Venture Capital | Taxation