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Financings

VIQ Solutions Announces Closing of Insider Led Private Placement

By The Northwire Desk — AI Analysis Aug 26, 2025 · 16:31 VQS · 0.19 VIQ SOLUTIONS INC. J
VQS · Price

Executive Summary

  • VIQ Solutions Inc. has closed its previously announced non-brokered private placement, raising approximately C$565,000 in aggregate gross proceeds.
  • The company issued 2,640,290 units at a price of C$0.214 per unit, with the entire offering subscribed by members of the Board of Directors.
  • Each unit includes one common share and one warrant exercisable at C$0.214 per share until August 26, 2032.

Key Details

  • Transaction Type: Non-brokered private placement.
  • Units Issued: 2,640,290 Units.
  • Price Per Unit: C$0.214.
  • Aggregate Gross Proceeds: Approximately C$565,000.
  • Unit Composition: Each Unit consists of one Common Share and one Common Share purchase warrant.
  • Warrant Terms: Each warrant entitles the holder to acquire one Common Share at an exercise price of C$0.214 per Common Share.
  • Warrant Expiration: August 26, 2032.
  • Subscribers: The offering was led by Board members Bradley Wells, Larry Taylor, and Joseph Quarin, who subscribed for 100% of the total funds raised.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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