$74.4 Million Bought Deal Secondary Offering /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
WATERLOO, ON, Dec. 7, 2021 /CNW/ - Magnet Forensics Inc. ("Magnet Forensics" or the "Company") (TSX: MAGT), a developer of digital investigation software used globally by public safety organizations and enterprises, announced today that certain shareholders, including Jad Saliba, our Founder, President & Chief Technology Officer, Adam Belsher, our Chief Executive Officer, certain other members of management and In-Q-Tel, Inc. (collectively, the "Selling Shareholders"), have entered into an agreement with an underwriting syndicate led by Canaccord Genuity Corp. and BMO Capital Markets (collectively, the "Underwriters") for the sale, on a "bought deal" basis, of an aggregate of 2,456,814 subordinate voting shares at an offering price of C$30.30 per share for aggregate gross proceeds to the Selling Shareholders of C$74.4 million (the "Offering").