VIQ Solutions Announces Insider Led Private Placement

Core Viewpoint - VIQ Solutions Inc. is conducting a non-brokered private placement offering of units at an issue price of C$0.214, aiming to raise approximately C$565,000, with full subscription expected from its Board members [1][3]. Group 1: Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at the same exercise price until the seventh anniversary of issuance [2]. - The proceeds from the offering will be utilized for working capital and general corporate purposes [3]. - The closing of the offering is anticipated around August 22, 2025, pending TSX approval [3]. Group 2: Related Party Transactions - Participation by directors and officers in the offering is classified as a "related party transaction" under Multilateral Instrument 61-101, with exemptions from formal valuation and minority shareholder approval due to the fair market value being below 25% of the company's market capitalization [4]. Group 3: Company Overview - VIQ Solutions is a global provider of secure, AI-driven digital voice and video capture technology and transcription services, focusing on enhancing content capture and security across various sectors including criminal justice, legal, and corporate finance [6].