Skylight Health To Conduct $12 Million Bought Deal

Skylight Health Group Inc. (TSXV: SHG) announced last night that it will be conducting a bought deal offering for aggregate proceeds of $12.0 million. The financing will see Raymond James Ltd and Stifel GMP as co-lead underwriters.

Under the terms of the financing, Skylight Health will be selling 8,572,000 common shares at $1.40 per share. The company has also given the underwriters an over-allotment option to purchase up to 15% of the common shares sold in the offering within 30 days after the closing of the transaction.

Net proceeds will be used to fund growth initiatives, including mergers & acquisition plans, and for general corporate purposes.

The offering is expected to close May 26, 2021, subject to customary conditions and approvals.

Skylight Health Group Inc. last traded at $1.57 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Tudor Gold x American Creek: Consolidating A Massive Gold Project

Aura Minerals: The Era Dorada Underground PEA

Gold Is Now Smart Money’s End Game | Doug Casey

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

Skylight Health Acquires Colorado Based Primary Care Clinic Group

Skylight Health (TSXV: SHG) this morning announced the closing of the acquisition of Rocky Mountain...

Monday, April 5, 2021, 09:01:08 AM

Skylight Health Announces 5 To 1 Share Consolidation

Skylight Health Group (TSXV: SHG) this morning announced that it intends to conduct a share...

Wednesday, May 26, 2021, 09:09:55 AM

Skylight Health Looks To Raise Funds Via Preferred Share Yielding 9.25% Annually

Skylight Health (TSXV: SLHG) is evidently running out of funding options that the market will...

Thursday, November 11, 2021, 09:10:31 AM

Skylight Health Sees Minimal Interest For Preferred Shares, Offering Pegged At Just US$5.8 Million

It appears that there is little interest for Skylight Health’s (TSXV: SLHG) previously proposed offering...

Thursday, December 2, 2021, 08:41:34 AM

Skylight Health Records Q1 Revenues Of $5.2 Million, Net Loss Of $2.3 Million

Skylight Health Group Inc. (TSXV: SHG) last night released its financial results for Q1 2021,...

Tuesday, June 1, 2021, 07:38:18 AM