Vancouver, British Columbia – (Newsfile Corp. – October 6, 2021) – Copperleaf Technologies Inc. (TSX: CPLF) (“Copper” or the “Society”), a provider of enterprise decision analysis software solutions, today announced the price of its previously announced IPO (the “Offer”). Pursuant to the offering, Copperleaf will issue 9,340,000 common shares of the Company at a price of $ 15.00 per common share (on “Price offered”) for total gross proceeds of $ 140,100,000. The placement was increased from an initial size of $ 125,000,000 due to excess demand.
The closing of the Offer is expected to take place on October 14, 2021, subject to customary closing conditions.
The Toronto Stock Exchange (the “TSX“) has conditionally approved the listing of the common shares of Copperleaf subject to compliance with customary listing requirements. The shares are expected to begin trading on the TSX on an” if as issued “basis. on October 7, 2021 under the symbol “CPLF”.
The Offering is led by BofA Securities, BMO Capital Markets and William Blair, as Associate Bookkeepers, and CIBC Capital Markets, RBC Capital Markets, Canaccord Genuity and Cormark Securities (collectively, the “”Subscribers“). Fasken Martineau DuMoulin LLP is acting as legal counsel to the Company and Stikeman Elliott LLP is acting as legal counsel to the Underwriters.
The Company has also granted the underwriters an over-allotment option allowing them to purchase up to 1,401,000 additional common shares of the Company at the offering price for additional gross proceeds to the Company of $ 21,015,000 if the option is exercised in full. The over-allotment option can be exercised for a period of 30 days from the closing date of the Offer.
A copy of Copperleaf’s completed PREP prospectus will be available on SEDAR at www.sedar.com on October 7, 2021.
No securities regulatory authority has approved or disapproved of the contents of this press release. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be a sale or acceptance of an offer to buy such securities in any jurisdiction. in which any such offer, solicitation or sale would be illegal.
The securities have not been and will not be registered under the United States Securities Act of 1933 (the “United States Securities Act”), as amended, or any state securities law, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or on behalf of or for the benefit of, “US persons ”(as defined in Regulation S under US securities law). Accordingly, securities may not be offered or sold in the United States unless they are registered under the US Securities Act and applicable state securities laws or in accordance with exemptions from the registration requirements of the US. Securities Act and applicable state securities laws.
Copperleaf provides business intelligence software solutions to businesses managing critical infrastructure. We leverage operational and financial data to enable our clients to make investment decisions that deliver the highest business value. What sets us apart is our commitment to delivering extraordinary experiences, shaped by people who care deeply, products that deliver exceptional value, and partnerships that stand the test of time. Copperleaf is a patron of the Institute of Asset Management and is actively involved in shaping the future of asset management standards, including ISO 55000. Based in Vancouver, Canada, our solutions are distributed and supported by regional staff and partners around the world. Together, we are transforming the way the world views value.
For more details, visit https://www.copperleaf.com/.
This press release may contain forward-looking statements within the meaning of applicable securities laws, which reflect management’s current expectations regarding future events, including statements regarding the closing of the offering. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control, which could cause actual results and events to differ. substantially from those disclosed or implied by such forward-looking information. These risks and uncertainties include, without limitation, failure to complete the Offering and failure to receive customary approvals, as well as the factors discussed under “Risk Factors” in the Company’s final PREP base prospectus dated October 6, 2021. Copperleaf disclaims any obligation to update these forward-looking statements.
For more information, please contact:
James Bowen, CFA
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