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VitalHub Closes $74.75 Million Bought Deal Public Offering with Full Exercise of Over-Allotment Option
Newsfile· 2025-08-20 14:01
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]
VitalHub Announces Filing of Prospectus Supplement
Newsfile· 2025-08-16 00:05
Core Points - VitalHub Corp. has filed a prospectus supplement for a public offering of 5,118,111 common shares at a price of $12.70 per share, aiming for gross proceeds of approximately $65 million, with an additional 767,717 shares available through an over-allotment option for about $9.75 million [1][2][3] Group 1 - The offering is expected to close on or about August 20, 2025, pending regulatory approval from the Toronto Stock Exchange [2] - The common shares will be sold in Canada and may also be offered in the United States under private placement exemptions [3] - The prospectus and its amendments are accessible through SEDAR+, and interested investors can obtain copies from Cormark Securities Inc. [4] Group 2 - VitalHub is a leading software company focused on health and human services, serving over 1,300 clients globally with a product suite that includes electronic health records and operational intelligence [7] - The company has a growth strategy that includes both organic opportunities and an aggressive M&A plan, with a workforce of over 600 employees [7]