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Adcore Inc
Symbol ADCO
Shares Issued 58,848,397
Close 2021-05-11 C$ 1.44
Recent Sedar Documents

Adcore files final prospectus

2021-05-11 18:04 ET - News Release

Mr. Omri Brill reports

ADCORE OBTAINS RECEIPT FOR FINAL BASE SHELF PROSPECTUS

Adcore Inc. has filed and obtained a receipt for a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada.

The base shelf prospectus allows Adcore to qualify the distribution of up to $25-million of common shares, warrants, units, debt securities and subscription receipts, or any combination thereof, during the 25-month period that the base shelf prospectus remains effective. The specific terms of any offering of securities will be set forth in a prospectus supplement to the base shelf prospectus, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering.

Omri Brill, chief executive officer of Adcore, stated: "Adcore's balance sheet today is strong and this base shelf prospectus provides us the additional flexibility to raise capital efficiently, while it is available at reasonable terms, to ensure we have the strongest capital base to leverage the long-term market opportunity. The base shelf prospectus will remain effective during the coming 25 months and the company plans to raise capital over the next two years only as necessary and only for specific purposes."

The securities may be offered in amounts, at prices and on terms to be determined at the time of sale, and, subject to applicable regulations, may include at-the-market transactions, public offerings or strategic investments.

A copy of the base shelf prospectus can be found on SEDAR.

About Adcore Inc.

Adcore is empowering entrepreneurs, advertisers and the future of e-commerce through its advertising management and automation platform. By combining extensive industry knowledge and experience with its proprietary artificial intelligence engine, Adcore offers a unique digital marketing solution that empowers entrepreneurs and advertisers by managing and automating their e-commerce store advertising, and monitoring and analyzing the performance of their advertising budget to ensure maximum return on investment. In addition to being named numerous times on Deloitte's Fast 50 Technology list, Adcore is a certified Google Premier partner, Microsoft partner, Facebook partner and TikTok partner.

Established in 2006, the company employs over 50 people in its headquarters in Tel Aviv, Israel, and satellite offices in Toronto, Canada, Melbourne, Australia, Hong Kong and Shanghai, China.

We seek Safe Harbor.

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