03:48:34 EST Fri 13 Dec 2024
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Vitalhub Corp (2)
Symbol VHI
Shares Issued 43,901,590
Close 2024-04-10 C$ 6.12
Market Cap C$ 268,677,731
Recent Sedar Documents

Vitalhub closes $40.25-million bought deal

2024-04-11 12:41 ET - News Release

Mr. Dan Matlow reports

VITALHUB CORP. CLOSES $40.25 MILLION BOUGHT DEAL PUBLIC OFFERING WITH FULL EXERCISE OF OVER-ALLOTMENT OPTION

Vitalhub Corp. has closed its previously announced bought deal offering, pursuant to a press release dated March 25, 2024. A total of 6,709,000 common shares of Vitalhub were sold at a price of $6 per common share for total gross proceeds of approximately $40.25-million, which included the full exercise of the overallotment option. The offering was conducted by a syndicate of underwriters led by Cormark Securities Inc. and included Beacon Securities Ltd., Canaccord Genuity Corp., Eight Capital, Paradigm Capital Inc. and Roth Canada Inc.

The common shares were qualified for distribution by a short form prospectus in the provinces of Ontario, British Columbia and Alberta.

The net proceeds of the offering will be used for the company's growth initiative, as further described in the prospectus. The company's growth initiative is focused on the acquisition of third party enterprises in the health care industry which provide synergistic opportunities for the company.

About Vitalhub Corp.

Vitalhub provides technology to health and human service providers, including hospitals and regional health authorities. Vitalhub solutions span the categories of electronic health record, case management, care co-ordination and optimization, and patient flow and operational visibility solutions.

The company has a robust two-pronged growth strategy, targeting organic growth opportunities within its product suite and pursuing an aggressive merger-and-acquisition plan. Currently, Vitalhub serves more than 1,000 clients across Canada, the United States, the United Kingdom, Australia, the Middle East and Europe.

Vitalhub is based in Toronto, Canada, with an offshore development hub in Sri Lanka. The Vitalhub team comprises more than 400 team members globally.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.