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dentalcorp Closes Bought Deal Offering of Subordinate Voting Shares for Gross Proceeds of Approximately $115 Million

January 19, 2022
by dentalcorp


dentalcorp Holdings Ltd. (“dentalcorp” or the “Company”) (TSX: DNTL), Canada’s largest and fastest growing network of dental practices, today announced the closing of its previously announced bought deal offering of 7,055,250 subordinate voting shares of the Company (“Subordinate Voting Shares”) (including 920,250 Subordinate Voting Shares issued pursuant to the exercise in full of the over-allotment option granted by the Company to the Underwriters (as defined below)) at a price of $16.30 per Subordinate Voting Share, for total gross proceeds to the Company of approximately $115.0 million (the “Offering”).

The Offering was made through a syndicate of underwriters led by CIBC Capital Markets (“CIBC”), BMO Capital Markets (“BMO”) and TD Securities Inc. (together with CIBC and BMO, the “Joint Book Runners”), and including Jefferies Securities, Inc., RBC Capital Markets, Canaccord Genuity Corp., BofA Securities and Scotia Capital Inc. (collectively, the “Underwriters”).

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