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Vitalhub Corp (2)
Symbol VHI
Shares Issued 42,919,616
Close 2022-04-22 C$ 2.95
Recent Sedar Documents

Vitalhub investor Shen Capital acquires 2.26M shares

2022-04-22 19:26 ET - News Release

Mr. Andrew Shen of Shen Capital reports

EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103 ACQUISITION OF SECURITIES OF VITALHUB CORP.

This press release is being disseminated as required by National Instrument 62-103 (the Early Warning System and Related Take Over Bids and Insider Reporting Issuers) in connection with the filing of an early warning report regarding the acquisition of securities of Vitalhub Corp. by Shen Capital Fund I LP and by its general partner Shen Capital Management Inc.

Shen Capital purchased 2,269,175 common shares of the issuer pursuant to a bought deal public offering of the issuer completed on April 21, 2022, conducted by a syndicate of underwriters led by Cormark Securities Inc. and Eight Capital and that included Beacon Securities Ltd., Canaccord Genuity Corp. and Roth Canada Inc. for $3.10 per common share for aggregate proceeds of $7,034,442.50.

Prior to the offering, Shen Capital held, directly or indirectly, 4,395,375 common shares of the issuer, representing 11.8 per cent of the issued and outstanding common shares on a non-diluted basis, and following the offering, Shen Capital holds, directly and indirectly, an aggregate of 6,664,550 common shares, such amount representing 15.5 per cent of the issued and outstanding common shares.

Shen Capital may increase or decrease its beneficial ownership or control depending on market or other conditions.

A copy of the early warning report with additional information in respect of the foregoing matters may be found on SEDAR.

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