VerticalScope to raise $100M from TSX IPO at $19-23 per share

[EHW Ai]

Interesting, especially given how most B-stock investors lost their shirts when TORSTAR, the previous majority owner of VerticalScope, was sold to NordStar. 

 

Relevance: For those who might not be aware of it, VerticalScope owns Overclock.net (OCN) after purchasing it when the Huddler platform went EOL back in 2018.

 

Private Capital Journal, May 31, 2021: VerticalScope to raise $100M from TSX IPO at $19-23 per share

The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release does not constitute an offer to sell or solicitation of an offer to buy any of these securities in any jurisdiction in which the offering or sale is not permitted.

 

--end excerpt.

 

Lastly, per Private Capital Journal:

 

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./

 

Also see:

 

TheGlobeAndMail, June 29, 2020  Torstar buyer expects to raise $100-million selling minority stakes