Bulletin de la Bourse
Stack Capital Group Inc. (STCK, STCK.WT) inscrit à la Bourse de Toronto
Issuer: Stack Capital Group Inc. (the "Company")
Security: | Symbol | Issued and Outstanding Securities | Reserved Securities |
---|---|---|---|
Common Share ("Shares") | STCK | 8,918,334 | 7,226,375 |
Share Purchase Warrants ("Warrants) | STCK.WT | 4,459,167 | 625,125 |
Listing category: | TSX Sandbox, Industrial, Non-Exempt Issuer |
TSX Sandbox Exit Conditions: | The Company has (i) deployed 50% of the proceeds raised pursuant to the Offering and the Management Investment; and (ii) publicly filed interim financial statements reflecting a full quarter of operating history subsequent to listing on TSX. |
Trading currency: | CDN$ |
Transaction: | Public offering of Units. |
Listing date: | June 15, 2021 (as at 5:01 pm) in anticipation of closing of the Offering. |
Anticipated closing date: | June 16, 2021 (prior to the opening). |
Posted for trading date: | June 16, 2021 (at the opening) subject to confirmation of closing of the Offering. |
Temporary market maker: | TD Securities Inc. |
Security ownership registration: | Shares and Warrants: Non-certificated inventory system administered by CDS. |
Investor relations: | Jimmy Vaiopoulos Chief Financial Officer 647-802-3551 jimmy@stackcapitalgroup.com Jeffrey Parks Chief Executive Officer 647-964-8008 jeff@stackcapitalgroup.com |
Incorporation: | Canada Business Corporations Act |
Fiscal year end: | December 31 |
Nature of business: | The Company is a newly formed investment holding company. The Company is focused on investing in growth to late stage private issuers with operating businesses, with long-term growth potential, located primarily in, or with customers, suppliers or business primarily conducted in or dependent on, Canada and/or the United States. |
Transfer agent and registrar: | Computershare Investor Services Inc. at its principal offices in Vancouver and Toronto. |
Dividends: | The Company does not anticipate paying dividends on the Shares in the foreseeable future. |
Sponsorship: | TD Securities Inc. |
Disclosure document: | The Company's long-form prospectus dated June 9, 2021. Capitalized terms not otherwise defined herein are as defined in the disclosure document. |
Offering: | A treasury offering (the "Offering") by the Company of 8,335,000 Units at a price of $12.00 per Unit. Each Unit consists of one Share and one-half of one Warrant. The Units will separate immediately upon issuance. Additionally, the Company has granted the Agents a 15% over-allotment option. As a condition to the closing of the Offering, certain directors and officers of the Manager will concurrently subscribe for 583,334 Units at a subscription price per share equal to the Offering Price, on a private placement basis for gross proceeds of $7,000,008. |
Principal Terms of the Warrants:
Exercise Price: | $15.00 |
Expiry: | 4:00 pm (Toronto time) on June 16, 2024 |
Transfer Agent for the Warrants: | Computershare Trust Company of Canada at its principal office in Vancouver. |
TSX contact: | Chris Birkett, Director, ÍÃ×ÓÏÈÉú. |