Wildpack Beverage Inc.’s $42 Million Public and Private Offering

Wildeboer Dellelce LLP acted for the Underwriters in connection with the public offering and concurrent private placement.

Wildpack Beverage Inc. (TSXV:CANS), a company engaged in beverage manufacturing and packaging, completed a public offering of 22,680,412 units at a price of $0.97 per Unit for gross proceeds of $22 million and a concurrent private placement of 20,000 debenture units at a price of $1,000 per Debenture Unit for gross proceeds of $20 million. 

The Public Offering and Concurrent Private Placement were completed in connection with the strategic acquisition by Wildpack of KT Murray Corporation dba Land and Sea Packaging, an established high-volume aluminum can brokering business based in Grand Rapids, Michigan.

The Public Offering and Concurrent Private Placement were conducted by Stifel GMP, as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters including Roth Canada, ULC, PI Financial Corp., and Leede Jones Gable Inc.  (collectively, the “Underwriters”).

Wildpack is engaged in beverage manufacturing and packaging, operating in the middle market by providing can filling and decorating services to brands throughout the United States. Wildpack currently operates indirectly through its wholly owned subsidiaries and out of facilities in Baltimore, Maryland, Sacramento, California and Las Vegas, Nevada.

The Wildeboer Dellelce team consisted of Peter Volk (Picture), Niall Sweeney, Nathan Holloway and Jeff Arnold (corporate/securities) and Jill Winton (tax).

 

Involved fees earner: Nathan Holloway – Wildeboer Dellelce LLP; Niall Sweeney – Wildeboer Dellelce LLP; Peter Volk – Wildeboer Dellelce LLP; Jill Winton – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Leede Jones Gable Inc; PI Financial Corp.; Roth Canada; Stifel GMP;

Sonia Carcano

Author: Sonia Carcano