We all knew today was the day that SVA would announce the finance closing.
An hour ago they issued a NR and some thought a new PP was announced. SMH!
I don't know why all the confusion or panic but wtv.....
Sernova receives prospectus receipt for $20M offering
2021-02-24 20:01 ET - News Release
Mr. Dominic Gray reports
SERNOVA OBTAINS FINAL PROSPECTUS RECEIPT FOR $20 MILLION BOUGHT DEAL
Sernova Corp. has received a receipt for its final short-form prospectus dated Feb. 24, 2021, in connection with its previously announced bought deal offering of 16.7 million units of the company at a price of $1.20 per unit for gross proceeds of approximately $20.04-million. Canaccord Genuity Corp. and Leede Jones Gable Inc. are the co-lead underwriters (together, the " Underwriters ") of the Offering.
The Company expects to close the Offering on or around March 1, 2021.
The Company has granted the Underwriters an option, exercisable in part or in whole at the Underwriter's sole discretion, at any time until 30 days following closing, to purchase up to that number of additional Units equal to 15% of the aggregate number of Units sold in the Offering.
The Final Prospectus was filed with the securities regulatory authorities in all provinces of Canada, except Quebec, and is available under the Company's SEDAR profile at www.sedar.com .