(" Holdco"), a holding company owned and controlled by Mr.
Magnet forensics series#
On April 30, 2021, in connection with and prior to closing of the Offering, the Company completed a series of transactions (the " Pre-Closing Reorganization") pursuant to which, among other things, the Company amalgamated with 2415112 Ontario Ltd. This news release does not constitute an offer to sell or solicitation of an offer to buy any of these securities in any jurisdiction in which the offering or sale is not permitted. Securities Act and applicable state securities laws.
Magnet forensics registration#
Securities Act"), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. The Offering was completed pursuant to the Company's supplemented PREP prospectus dated Ap(the " Prospectus"), and filed with the securities regulators in each of the provinces and territories of Canada, a copy of which is available under the Company's profile on SEDAR at The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. and Scotiabank (collectively, the " Underwriters"). The Offering is being made through a syndicate of underwriters led by BMO Capital Markets and Canaccord Genuity Corp, as co-lead underwriters and joint bookrunners, and CIBC Capital Markets, National Bank Financial Inc., RBC Dominion Securities Inc. The investment in Magnet Forensics, through the IPO, is ultimately an acknowledgement of the importance of these challenges and provides resources to tackle them more aggressively." "Our customers are seeing significant growth of cybercrime and digital evidence related to their investigations globally. "I'm proud of the team that has gotten Magnet Forensics to this important milestone," said Adam Belsher, Magnet Forensics' CEO. The Subordinate Voting Shares began trading on the Toronto Stock Exchange (" TSX") on Apunder the symbol "MAGT". The Company expects to use the net proceeds from the Offering to strengthen its balance sheet, providing it with flexibility to fund its future growth strategies.
Magnet forensics full#
(" Magnet Forensics" or the " Company"), a developer of digital investigation software that acquires, analyzes, reports on, and manages evidence from digital sources, announced today the closing of its initial public offering (the " Offering") of 6,773,500 subordinate voting shares of the Company (" Subordinate Voting Shares") at a price of C$17.00 per share, which includes the exercise in full by the Underwriters (as defined below) of their option to purchase up to 883,500 additional Subordinate Voting Shares, for total gross proceeds of C$115,149,500.
NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./
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