13:31:29 EDT Thu 16 May 2024
Enter Symbol
or Name
USA
CA



Vecima Networks Inc
Symbol VCM
Shares Issued 24,301,594
Close 2023-09-08 C$ 17.00
Market Cap C$ 413,127,098
Recent Sedar Documents

Vecima Networks arranges warrant deal with Charter

2023-09-11 13:07 ET - News Release

Mr. Sumit Kumar reports

VECIMA ANNOUNCES WARRANT AGREEMENT WITH CHARTER COMMUNICATIONS

Vecima Networks Inc. has entered into a warrant agreement with Charter Communications Holding Company LLC.

The warrants issued as part of the agreement provide Charter with the opportunity to purchase an aggregate of up to 361,050 common shares in the capital of Vecima at an exercise price equal to C$17.09 per warrant (the "Warrants") until January 1, 2031. The Warrants are subject to vesting conditions based on the achievement of significant multi-year spending targets by Charter. Issuance of the Warrants remains subject to the approval of the Toronto Stock Exchange.

"Our partnership with Charter has continued to expand as the 10G cable and fiber access networks of tomorrow are being built," said Sumit Kumar, Vecima President and CEO. "This agreement further underscores the growth of that relationship as we together continue to execute a broad network evolution strategy."

About Vecima Networks

Vecima Networks Inc. (TSX: VCM) is leading the global evolution to the multi-gigabit, content-rich networks of the future. Our talented people deliver future-ready software, services, and integrated platforms that power broadband and video streaming networks, monitor and manage transportation, and transform experiences in homes, businesses, and everywhere people connect. We help our customers evolve their networks with cloud-based solutions that deliver ground-breaking speed, superior video quality, and exciting new services to their subscribers. Learn more at vecima.com.

We seek Safe Harbor.

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