/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Dec. 17, 2024 /CNW/ - VitalHub Corp. (TSX: VHI) (OTCQX: VHIBF) (the "Company" or "VitalHub") is pleased to announce that it has entered into an agreement with Cormark Securities Inc. acting as lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters") pursuant to which the Underwriters have agreed to purchase 2,752,300 Common Shares (the "Common Shares") from the treasury of the Company, at a price of $10.90 per Common Share for total gross proceeds of approximately $30.0 million (the "Offering").
In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase up to an additional 412,845 Common Shares on the same terms exercisable at any time up to 30 days