RE:RE:Peers like LEV Will this news help or hurt the share price:
Vicinity Motor prospectus offering
2023-06-08 18:39 ET - Prospectus Approved
The company's short form base shelf prospectus dated April 19, 2021, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by British Columbia and the Ontario securities commissions. Under Multilateral Instrument 11-102, Passport System, the prospectus is deemed to have been filed with and receipted by the securities regulators for each of the Alberta and Manitoba securities commissions, on April 20, 2021. A receipt for the prospectus is deemed to be issued by the regulators in each of those jurisdictions if the conditions of the instrument have been satisfied.
Further to an at-the-market (ATM) offering of shares made pursuant to a prospectus supplement dated Aug. 27, 2022, to the company's short form base shelf prospectus dated April 19, 2021, the exchange has accepted for filing documentation with respect to the sales set out below under the ATM distribution. The company raised aggregate gross proceeds of $866,903.56 (U.S.) pursuant to the ATM distribution from Jan. 1, 2023, to March 31, 2023, as set out below.
The exchange has been advised by the company that sales under the ATM distribution during the quarter ended March 31, 2023, occurred for gross proceeds of $866,906.56 (U.S.).
Agents: B. Riley Securities Inc., as representatives for Spartan Capital Securities LLC
Offering: 925,667 common shares in aggregate during the quarter ended March 31, 2023
Share price: varying prices during the quarter ended March 31, 2023, with an average sale price of 93.74 U.S. cents per share
Overallotment option: none
Agents' commissions: 3.5 per cent of the gross proceeds of the offering, being $30,361.58 in cash in aggregate for the quarter ended March 31, 2023
For further information, please refer to the company's short form base shelf prospectus dated April 19, 2021, the prospectus supplement dated Aug. 27, 2022, and the news release dated May 17, 2023, which are available under the company's SEDAR profile.
© 2023 Canjex Publishing Ltd. All rights reserved.