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dentalcorp Announces $100 Million Bought Deal Offering of Subordinate Voting Shares and Provides 2021 Business Update

January 6, 2022
by dentalcorp


dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s largest and fastest growing network of dental practices, today announced that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”), led by CIBC Capital Markets, BMO Capital Markets and TD Securities Inc., who have agreed to purchase, on a “bought deal” basis, 6,135,000 subordinate voting shares (the “Shares”) of the Company from treasury at a price of $16.30 per Share for gross proceeds to the Company of approximately $100.0 million (the “Offering”).

The Underwriters have been granted an over-allotment option (the “Over-Allotment Option”), exercisable in whole or in part on the same terms as the Offering for a period of 30 days from the closing of the Offering, to issue additional Shares, representing up to 15% of the size of the Offering, for additional gross proceeds of up to approximately $15.0 million.

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