VitalHub Closes $74.75 Million Bought Deal Public Offering with Full Exercise of Over-Allotment Option

Core Points - VitalHub Corp. has successfully closed a bought deal public offering, raising approximately $74.75 million by selling 5,885,828 common shares at a price of $12.70 per share, including the full exercise of the over-allotment option [1] - The offering was conducted by a syndicate of underwriters co-led by Cormark Securities Inc. and National Bank Financial Inc., along with Canaccord Genuity Corp., Scotia Capital Inc., and TD Securities Inc. [1] - The common shares were qualified for distribution in Canada and sold in the U.S. on a private placement basis under an exemption from the registration requirements of the U.S. Securities Act [2] - The common shares have received conditional approval for listing on the Toronto Stock Exchange, pending necessary approvals [3] - The net proceeds from the offering will be used for the company's growth initiatives, focusing on future acquisitions in the healthcare industry [4] Company Overview - VitalHub is a leading software company that provides solutions for health and human services providers globally, with a product suite that includes electronic health records and operational intelligence [6] - The company serves over 1,300 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 [6] - VitalHub is headquartered in Toronto and employs over 600 people globally, including a dedicated innovations lab in Sri Lanka [6]