Halo Collective Inc. closed an overnight marketed public offering of units of the Halo Collective Inc. ("Units") for aggregate gross proceeds of C$11,500,029 on February 19, 2021. A total of 65,714,450 Units of the Company were issued pursuant to the Offering, which includes the fully exercised over-allotment option, at a price of $0.175 per Unit. The offering was completed pursuant to an underwriting agreement dated February 12, 2021 between Halo Collective Inc. and Eight Capital, Canaccord Genuity Corp. and PI Financial Corp. (collectively the "Underwriters").
Each Unit consists of one common share of Halo Collective Inc. (each, a "Unit Share") and one common share purchase warrant of Halo Collective Inc. (each, a "Warrant"). Each Warrant entitles the holder thereof to purchase one common share of the Company at an exercise price of $0.225 at anytime up to 36 months following closing of the offering.
Fasken acted for the Underwriters in connection with the offering with a team of that consisted of John Sabetti and Gurinder (Gigi) Gujral.
Jurisdiction
- Ontario
