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Ruckify Raises $6.9 Million and Enters Definitive Agreement With Apolo


On December 22, 2020, Ruckify Inc. and Apolo III Acquisition Corp. announced that Ruckify completed its previously announced private placement of 1,729,114 common shares at a price of $4.00 per share for aggregate gross proceeds of approximately $6.9 million. Eight Capital was the lead agent in the brokered portion of the offering. Ruckify and Apolo also announced that they entered into a definitive amalgamation agreement pursuant to which will result in a reverse take-over of Apolo by Ruckify.

Cassels represented Ruckify with a deal team comprised of Jonathan Sherman, Jamie Litchen, Tayyaba Khan and Thea Gaertner (Securities).

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