Converge Technology Solutions Corp T.CTS

Reminder

[retiredcf]

Investment 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

September 1, 2021

GATINEAU, QC and TORONTO, Sept. 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.

[newcoin]

I prefer this line of thinking.

[Bookworm28]

I agree. I find that when a quality/real company trades at a price that doesn't seem to make sense, it's often a buying opportunity. I think that is more likely the case with CTS than the opposite. Hindsight is 20/20. So everyone is left with their best guess during these dips.