RE:RE:Preliminary Short Form Prospectus Quarterhill files preliminary short-form prospectus
2021-10-04 14:33 ET - News Release
An anonymous director reports
QUARTERHILL ANNOUNCES THE FILING OF A PRELIMINARY BASE SHELF PROSPECTUS
Quarterhill Inc. has filed and obtained a receipt for a preliminary short-form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada other than the province of Quebec. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
The shelf prospectus, when made final and effective, will enable Quarterhill to issue common shares, preferred shares, debt securities, warrants, subscription receipts and units, or a combination thereof from time to time, separately or together, in amounts, at prices and on terms based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement, for an aggregate offering amount of up to $200-million during the 25-month period that the shelf prospectus is effective.
The specific terms of any future offering will be established in a prospectus supplement to the shelf prospectus, which prospectus supplement will be filed with the applicable Canadian securities commissions. There is no certainty that any securities will be offered or sold under the shelf prospectus within the 25-month period that it is effective.
A copy of the shelf prospectus can be found on the company's directory on SEDAR.
About Quarterhill Inc.
Quarterhill is a growth-oriented company in the intelligent transportation system (ITS) industry as well as, through its Wi-LAN Inc. subsidiary, a leader in intellectual property licensing. The company's goal is to execute an investment strategy that capitalizes on attractive growth opportunities within ITS -- and its adjacent markets -- to become a global leader in that industry. Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.
We seek Safe Harbor.
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