The Toronto Stock Exchange reports that NFI Group Inc. will list 15,102,950 subscription receipts at 5:01 p.m. on June 5, 2023, for trading at the open on June 6, 2023. According to the TSX, the subscription receipts will trade under the symbol NFI.R, in Canadian dollars and with Cusip No. 62910L 11 0.

As stated in its prospectus supplement dated June 1, 2023, the company is issuing subscription receipts at $8.25 per subscription receipts in a public offering that is expected to close before the open on June 6, 2023. Each subscription receipt will entitle the holder thereof to receive, for no additional consideration and without action on the part of the holder, one common share in the capital of the company upon the satisfaction of the escrow release conditions on or before the escrow release deadline. The transfer agent and registrar is Computershare Trust Company of Canada at its principal office in Toronto, and the designated market-maker is TD Securities Inc.

The TSX reports that in the event that: (i) the escrow release conditions have not been satisfied on or before 11:59 p.m. Eastern Time on Sept. 30, 2023 (the escrow release deadline); or (ii) the company has announced to the public or notifies Bank of Montreal that it does not intend to proceed with the refinancing plan (each a termination event, and the date upon which such termination event occurs, the termination date), holders of subscription receipts shall, commencing on the second business day following the termination date, be entitled to receive from the subscription receipt agent an amount equal to the offering price multiplied by the number of subscription receipts held by such holder plus their pro rata share of the interest earned on the escrowed funds and their pro rata share of the interest that would have been earned on 50 per cent of the underwriters' fees were such fees included in the escrowed funds (together, the subscription receipt interest), calculated from and including the offering closing date to but excluding the termination date, and less any applicable withholding taxes. The company will be required to make up any deficiency, by payment to the subscription receipt agent, where the balance of the escrowed funds and the interest earned thereon is insufficient to satisfy such payment entitlement, including the subscription receipt interest.

According to the TSX, the subscription receipts will be listed and posted for trading until the escrow release conditions are satisfied, which is expected to be on or before the escrow release deadline, or the occurrence of a termination event. The TSX will issue a further bulletin to confirm the delisting of the subscription receipts.