VitalHub Closes $34.5 Million Bought Deal Public Offering with Full Exercise of Over-Allotment Option

Core Viewpoint - VitalHub Corp. has successfully closed a bought deal public offering, raising approximately $34.5 million through the sale of 3,165,145 common shares at a price of$10.90 per share, including the full exercise of the over-allotment option [1][2]. Group 1: Offering Details - The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc., along with TD Securities Inc., Canaccord Genuity Corp., and Beacon Securities Limited [1]. - The common shares were qualified for distribution in Ontario, British Columbia, and Alberta through a short form prospectus [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated towards the company's growth initiatives, specifically targeting acquisitions of third-party enterprises in the healthcare industry that provide synergistic opportunities [2]. Group 3: Company Overview - VitalHub is a leading software company focused on empowering health and human services providers globally, with a product suite that includes electronic health records, operational intelligence, and workforce automation solutions [4]. - The company serves over 1,000 clients across the UK, Canada, and other regions, and has a robust growth strategy that includes both organic opportunities and an aggressive M&A plan [4].