NowVertical Group’s C$8.4 Million Private Placement

Fasken acted as as legal counsel to NowVertical in connection with this offering.

On March 23, 2021, NowVertical Group, Inc. closed a private placement of 8,394,000 subscription receipts at a price of $1.00 per subscription receipt, for gross proceeds of approximately C$8.4 million. The private placement was conducted in connection with NVG’s going-public transaction by way of a reverse takeover involving, among others, Good2Go Corp. (TSXV: GOTO.P). 

The private placement was conducted through a syndicate of securities dealers led by Echelon Wealth Partners Inc. and including Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and Haywood Securities Inc.

The Fasken team comprised of Neil Kravitz (Picture), Monica Dingle, Janie Harbec, Oleg Stratiev and Laura Fabi.

 

Involved fees earner: Monica Dingle – Fasken Martineau; Janie Harbec – Fasken Martineau; Neil Kravitz – Fasken Martineau; Oleg Stratiev – Fasken Martineau;

Law Firms: Fasken Martineau;

Clients: NowVertical Group, Inc.;

Author: Martina Bellini