Exchange Bulletin
VerticalScope Holdings Inc. (FORA) To Trade On Toronto Stock Exchange
June 17, 2021
| Issuer: | VerticalScope Holdings Inc. (the "Company") |
| Security: | Subordinate voting shares (the "Subordinate Voting Shares") |
| Symbol: | FORA |
| Issue price per security: | $22.00 |
| Number of securities issued and outstanding: | 16,760,187 |
| Number of securities reserved for issuance: | 5,323,359 |
| Listing category: | Industrial, Non-Exempt Issuer |
| Trading currencies: | CDN$ |
| Transaction: | Initial public offering of Subordinate Voting Shares (the "Offering") |
| Listing date: | June 18, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | June 21, 2021 (prior to the opening) |
| Posted for trading date: | June 21, 2021 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Subordinate Voting Shares of the Company commenced trading on Toronto Stock Exchange ("TSX") on an "if, as and when issued" basis on Tuesday, June 15, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Monday, June 21, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Friday, June 18, 2021, unless the Offering closing has been delayed. |
| Other markets: | None. |
| Temporary market maker: | TD Securities Inc. |
| Security ownership registration: | Non-certificated inventory system as administered by CDS. |
| Investor relations: | Chris Goodridge President & Chief Operating Officer 416-341-7166 ir@verticalscope.com |
| Incorporation: | Business Corporations Act (Ontario) |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is an integrated digital platform media company for enthusiast communities that builds, acquires and operates digital communities. |
| Transfer agent and registrar: | TSX Trust Company at its principal office in Toronto, Ontario. |
| Distributions: | The Company does not currently anticipate paying dividends on the Subordinate Voting Shares in the foreseeable future. |
| Sponsorship: | Waived |
| Offering documents: | Final Base PREP Prospectus dated June 14, 2021 and Supplemented PREP Prospectus dated June 14, 2021, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the offering documents. |
| Initial public offering: | The Offering will be comprised of a treasury offering by the Company of 5,685,000 Subordinate Voting Shares at an offering price of $22.00 per Subordinate Voting Share (the "Offering Price") for gross proceeds of $125,070,000 to the Company. In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 852,750 Subordinate Voting Shares from the Company at the Offering Price. |
| Additional information: | See TSX Bulletins 2021-0602 dated June 11, 2021 and 2021-0616 dated June 15, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |