ESE Entertainment Inc. ( $ESE , $ENTEF ) just announced that it has filed a short form prospectus and has gotten a receipt in every province except Quebec.
This is a critical step for ESE to secure an underwriting agreement with Canaccord Genuity Corp, Roth Canada, ULC, Stifel Nicolaus Canada Inc., and PI Financial Corp.
The Underwriters are agreeing to collectively purchase (on a "bought deal" basis) 5,360,000 units @ $1.40 of ESE
This will lead to $7,504,000 in gross proceeds to ESE
Each Unit consists of one share of ESE as well as a warrant to purchase another share @ $1.95
$ESE.v has also granted the Underwriters the option to purchase up to an additional 804,000 Units at the Issue Price
If this option is exercised in full ESE will gain $1,125,600 in additional gross proceeds
This deal is expected to close on or about July 19, 2021
you can read more here: https://ceo.ca/@nasdaq/ese-announces-receipt-for-final-short-form-prospectus