On March 23, 2021, NowVertical Group, Inc. closed a private placement of 8,394,000 subscription receipts at a price of $1.00 per subscription receipt, for gross proceeds of approximately C$8.4 million. The private placement was conducted in connection with NVG's going-public transaction by way of a reverse takeover involving, among others, Good2Go Corp., a "capital pool company" listed on the TSX Venture Exchange.
The private placement was conducted through a syndicate of securities dealers led by Echelon Wealth Partners Inc. and including Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and Haywood Securities Inc.
Fasken, with a team comprised of Neil Kravitz, Monica Dingle, Janie Harbec, Oleg Stratiev and Laura Fabi, acted as legal counsel to NowVertical in connection with this offering.Jurisdictions
- Québec
- Ontario