NR 08:40 AM EDT, 06/15/2021 (MT Newswires) -- Newly IPO'd Thinkific Labs (THNC.TO), an online technology platform for course creators, said overnight Monday that Rhino Ventures affiliate Rhino Co-Invest 2 Ltd. Partnership agreed to distribute 1,839,365 subordinate voting shares in Thinkific.
The shares were originally offered under a final prospectus in April and were acquired at a price of $13.00 per share from the underwriters participating in Thinkific's IPO. The effective date of the distribution was June 14.
As a result, Rhino Group's equity and voting interest in Thinkific fell to 27.8% and 35.3%, respectively, from 29.6% and 35.5%.
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