Tick tock… only 18 months left TORONTO, Oct. 4, 2021 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF), announces that it has filed and obtained a receipt for a preliminary short form base shelf prospectus (the "Shelf Prospectus") with the securities commissions in each of the provinces and territories of Canada other than the Province of Qubec. 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 ("Prospectus Supplement"), for an aggregate offering amount of up to $200,000,000 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 at www.sedar.com.
https://www.quarterhill.com/news/news-details/2021/Quarterhill-Announces-the-Filing-of-a-Preliminary-Base-Shelf-Prospectus/default.aspx