Vitalhub arranges $65-million private placement

Executive Summary

• Vitalhub Corp. announced a $65 million bought deal public offering of common shares, led by Cormark Securities Inc. and National Bank Financial Inc.
• The company is issuing 5,118,111 common shares at a price of $12.70 per share, with an additional option for the underwriters to purchase up to 767,717 additional shares (overallotment) within 30 days.
• Net proceeds will be utilized for growth initiatives, including future acquisitions, working capital, and general corporate purposes.

Key Details

• Transaction Type: Bought Deal Public Offering
• Issuer: Vitalhub Corp.
• Underwriters: Cormark Securities Inc. and National Bank Financial Inc. (acting as co-lead underwriters on behalf of a syndicate)
• Share Price: $12.70 per common share
• Base Shares Sold: 5,118,111 common shares from the treasury
• Gross Proceeds: Approximately $65.0 million
• Overallotment Option: Underwriters granted an option to purchase up to 767,717 additional common shares on the same terms, exercisable within 30 days of closing for market stabilization and overallotment coverage
• Use of Proceeds: Growth initiatives (including future acquisitions), working capital, and general corporate purposes
• Closing Date: Expected on or about August 20, 2025
• Regulatory Conditions: Subject to regulatory approval, including that of the Toronto Stock Exchange
• Offering Mechanism: By way of a prospectus supplement to the company's short form base shelf prospectus dated July 23, 2025
• Jurisdictions: Offered in all Canadian provinces and territories (except Quebec) and potentially in the United States and other jurisdictions pursuant to exemptions from registration requirements

Notable Quotes

• No direct quotes from management were included in the provided text.