Elevate Service Group Announces $7 Million Bought Deal Private Placement to Accelerate National Facilities Management Consolidation Strategy
Elevate Service Group announced a bought deal private placement of 3,685,000 common shares priced at $1.90 per share, raising gross proceeds of $7,001,500. Beacon Securities acted as lead underwriter and received an option to purchase an additional 552,750 shares to cover over-allotments, potentially adding $1,050,225 in proceeds.
Key figures
- Deal Value Usd
- 7001500
- Offering Price
- 1.9
- Shares Offered
- 3685000
- Commission rate
- 6.0%
- Hold period months
- 4
- Underwriter option shares
- 552750
- Underwriter option proceeds
- 1050225
AI analysis
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