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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Post by retiredcfon Oct 04, 2021 12:30pm
240 Views
Post# 33961130

Reminder

ReminderInvestment firms were lining up to participate and the over-allotment was fully exercised.  So one would have to conclude that picking up shares 10% lower than the financing (as it is today) has got to be a good long term investment.  GLTA

GATINEAU, QC and TORONTOSept. 1, 2021 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce the closing of its previously announced offering of common shares (the "Offering"). The Offering consisted of 24,552,500 common shares of the Company ("Offered Shares") at a price of $10.55 per Offered Share (the "Issue Price") for gross proceeds to the Company of $259,028,875, which includes the full exercise of the over-allotment option by the underwriters, before deducting underwriters' fees and estimated offering expenses. 

Canaccord Genuity Corp., as sole bookrunner, and Scotia Capital Inc., and CIBC World Markets Inc., led the syndicate of underwriters for the Offering, which included Desjardins Securities Inc., Eight Capital, Cormark Securities Inc., Echelon Wealth Partners Inc., Laurentian Bank Securities Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc., and Paradigm Capital Inc.


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