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D-Box Technologies Inc
Symbol DBO
Shares Issued 175,950,573
Close 2021-02-17 C$ 0.155
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D-Box arranges overnight offering; price, size TBD

2021-02-17 17:01 ET - News Release

Mr. Steve Li reports

D-BOX TECHNOLOGIES INC. ANNOUNCES OVERNIGHT MARKETED EQUITY OFFERING

D-Box Technologies Inc. has filed a preliminary short form prospectus with the securities regulatory authorities in each of the provinces of Canada in connection with a marketed offering of units through a syndicate of underwriters led by Canaccord Genuity Corp., acting as the lead underwriter and sole bookrunner, and including Echelon Wealth Partners Inc. and iA Private Wealth Inc. Each unit consists of one Class A common shares of D-Box and one Class A common share purchase warrant. Each warrant will entitle its holder to purchase one Class A common share of D-Box for a period of 24 months following closing of the offering.

The number of units to be distributed under the offering, the price per unit, the exercise price of the warrants and other final terms of the offering will be determined by D-Box and the underwriters upon the pricing of the offering, at the time of entering into an underwriting agreement for the offering. D-Box will update the market and issue a press release announcing the number of units to be distributed under the offering as well as the price per unit once such terms have been determined.

It is expected that the underwriters will be granted an option, exercisable at any time up to 30 days following the closing of the offering, to purchase at the offering price up to an additional 15 per cent of the units sold pursuant to the offering.

The offering is expected to close in early March, 2021. Completion of the offering will be subject to certain customary conditions including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.

The net proceeds from the offering are expected to be used for growth initiatives, to provide additional working capital and for general corporate purposes.

The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

A preliminary short form prospectus containing important information relating to the units has been filed with securities regulatory authorities in each of the provinces of Canada. The preliminary short form prospectus is subject to completion or amendment. Copies of the preliminary short form prospectus may be obtained from the underwriters via e-mail at ecm@cgf.com. A copy of the preliminary short form prospectus can also be obtained under the corporate profile of D-Box on SEDAR. There will not be any sale or any acceptance of an offer to buy the units until a receipt for the final short form prospectus has been issued.

About D-Box Technologies Inc.

D-Box redefines and creates realistic, haptic and immersive entertainment experiences by providing feedback to the whole body and sparking the imagination through motion. Haptic essentially allows to feel sensations that would be felt if the body was interacting directly with physical objects. D-Box has collaborated with some of the best companies in the world to deliver new ways to enhance great stories. Whether it's movies, video games, virtual reality applications, themed entertainment or professional simulation, D-Box creates a feeling of presence that makes life resonate like never before. D-Box Technologies is headquartered in Montreal with offices in Los Angeles, United States, and Beijing, China.

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