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MONTRÉAL, Nov. 6, 2020 /CNW
Telbec/ - mdf commerce inc. ("mdf commerce" or the
"Corporation") (TSX: MDF), a leader in SaaS commerce technology
solutions, announced today the closing of the previously announced
public offering of an aggregate of 4,780,550 common shares at a
purchase price of $10.00 per common
share for aggregate gross proceeds to mdf commerce of $47,805,500, which includes the exercise in full
by the underwriters of their over-allotment option to purchase up
to 623,550 additional common shares (the "Offering").
Stifel GMP acted as sole bookrunner and, collectively with
Desjardins Capital Markets and Echelon Wealth Partners Inc., as
co-lead underwriters for the Offering, with a syndicate of
underwriters also comprised of Laurentian Bank Securities Inc.,
National Bank Financial Inc. and Scotia Capital Inc.
Certain insiders of the Corporation participated in the Offering
and purchased an aggregate of 33,000 common shares. Participation
of insiders of the Corporation in the Offering constitutes a
"related party transaction" as defined under Multilateral
Instrument 61-101 – Protection of Minority Security Holders in
Special Transactions ("MI 61-101"), but is exempt from the
formal valuation and minority shareholder approval requirements of
MI 61-101, as neither the fair market value of securities being
issued to insiders nor the consideration being paid by insiders
will exceed 25% of the Corporation's market capitalization. The
Corporation did not file a material change report 21 days prior to
the closing of the Offering as the details of the participation of
the insiders of the Corporation had not been confirmed at that
time.
About mdf commerce inc.
mdf commerce inc. (TSX:MDF), formerly known as Mediagrif
Interactive Technologies Inc., enables the flow of commerce by
providing a broad set of SaaS solutions that optimize and
accelerate commercial interactions between buyers and sellers. Our
platforms and services empower businesses around the
world, allowing them to generate billions of dollars in
transactions on an annual basis. Our strategic sourcing, unified
commerce and emarketplace platforms are supported by a strong and
dedicated team of more than 600 employees based in Canada, the United
States, Denmark,
Ukraine and China. For more information, please visit us
at mdfcommerce.com, follow us on LinkedIn or call at
1–877-677-9088.
SOURCE mdf commerce inc.
