On July 6, 2021, GURU Organic Energy, a dynamic, fast-growing beverage company, closed a C$60.5 million bought deal public offering and approximately C$32 million concurrent private placement.
GURU Organic Energy had previously entered into an agreement with a syndicate of underwriters co-led by Stifel GMP and CIBC Capital Markets pursuant to which the Underwriters agreed to purchase 1,100,000 common shares of the Company, an aggregate of 2,187,500 common shares of the Company for an aggregate of 3,287,500 Offered Shares at a price of $16.00 per Offered Share for gross proceeds of approximately $17.6 million to the Company and $35.0 million to the Selling Shareholders. Including the Private Placement, the Company will receive gross proceeds of approximately $50 million.
A Fasken team comprised of Neil Kravitz, Matthew Quadrini, Vincent Maltais, and Eliot Mathieu-Proteau acted for GURU Organic Energy in connection with this investment.
