Original News Release
Vitalhub closes $74.75-million bought deal offering
Mr. Dan Matlow reports
VITALHUB CLOSES $74.75 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 Aug. 15, 2025. A total of 5,885,828 common shares of Vitalhub were sold at a price of $12.70 per common share for total gross proceeds of approximately $74.75-million, which included the full exercise of the overallotment option. The offering was conducted by a syndicate of underwriters co-led by Cormark Securities Inc. and National Bank Financial Inc. and included Canaccord Genuity Corp., Scotia Capital Inc. and TD Securities Inc.
The common shares were qualified for distribution by a prospectus supplement dated Aug. 15, 2025, to the base shelf prospectus dated July 23, 2025, filed in the provinces of Ontario, British Columbia and Alberta. The common shares were also sold in the United States on a private placement basis pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933.
The common shares have been conditionally approved for listing on the Toronto Stock Exchange. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the final approval of the TSX.
The company intends to use the net proceeds from the offering for the company's growth initiative, as further described in the prospectus supplement. The company's growth initiative is focused on future acquisitions of third party enterprises in the health care industry, which provide synergistic opportunities for the company.
About Vitalhub Corp.
Vitalhub is a leading software company dedicated to empowering health and human service providers globally. Vitalhub's comprehensive product suite includes electronic health records, operational intelligence and work force automation solutions that serve over 1,300 clients across the United Kingdom, Canada and other geographies. The company has a robust two-pronged growth strategy: targeting organic opportunities within its product suite and pursuing an aggressive merger-and-acquisition plan. Vitalhub is headquartered in Toronto with over 600 employees globally, across key regions and the Vitalhub Innovations Lab in Sri Lanka.
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