Exchange Bulletin
E Automotive Inc. (EINC) To Trade On Toronto Stock Exchange
November 8, 2021
| Issuer: | E Automotive Inc. (the "Company") |
| Security: | Common shares (the "Common Shares") |
| Symbol: | EINC |
| Issue price per security: | $23.00 |
| Number of securities issued and outstanding: | 45,739,995 |
| Number of securities reserved for issuance: | 13,971,875 |
| Listing category: | Industrial, Non-Exempt |
| Trading currency: | CDN$ |
| Transaction: | Initial public offering of Common Shares (the "Offering") |
| Listing date: | November 9, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering |
| Anticipated closing date: | November 10, 2021 (prior to the opening) |
| Posted for trading date: | November 10, 2021 (at the opening) subject to confirmation of closing of the Offering |
| End of trading on an "if, as and when issued" basis: | The Common Shares of the Company commenced trading on Toronto Stock Exchange ("TSX") on an "if, as and when issued" basis on November 3, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on November 10, 2021, trading on an "if, as and when issued" basis will conclude at the close of business November 9, 2021, unless the Offering closing has been delayed. |
| Other market(s): | None |
| Temporary market maker: | W.D. Latimer Co. Ltd. |
| Security ownership registration: | Non-certificated inventory system |
| Investor relations: | Jason McClenahan Chief Executive Officer 647-402-2674 jason@eblock.ca Andy Bohlin Chief Financial Officer 802-734-4475 Andy.bohlin@e.inc |
| Incorporation: | Canada Business Corporations Act |
| Fiscal year end: | December 31 |
| Nature of business: | The Company is engaged in the business of providing a digital wholesale auction marketplace and developing, marketing and distributing digital retailing software supporting the automotive industry. |
| Transfer agent and registrar: | TSX Trust Company, at its principal office in Toronto. |
| Dividends: | The Company does not currently anticipate paying dividends on the Common Shares in the foreseeable future. |
| Sponsorship: | Waived |
| Offering document: | Final Base PREP Prospectus dated November 2, 2021, and the Supplemented PREP Prospectus dated November 2, 2021, which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the offering document. |
| Initial public offering: | The Offering consists of an initial public offering of 5,900,000 Common Shares at a price of $23.00 per Common Share for gross proceeds of $135,700,000. In addition, the underwriters have been granted an over-allotment option to purchase up to an additional 885,000 Common Shares from treasury at the Offering Price. |
| Additional Information: | See TSX Bulletins 2021-1023 dated November 1, 2021 and 2021-1028 dated November 3, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |