/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES/
WINNIPEG, MB, March 9, 2021 /CNW/ - Farmers Edge Inc.
("Farmers Edge" or the "Company") (TSX: FDGE)
announced today that, further to its recently completed initial
public offering (the "Offering") of an aggregate of
7,353,000 common shares of the Company ("Common Shares") at
a price of $17.00 per Common Share,
the over-allotment option granted by the Company to the
underwriters to purchase up to an additional 1,102,950 Common
Shares was exercised in full for additional gross proceeds to the
Company of $18,750,150. The sale of
the additional Common Shares today by the Company brings the total
gross proceeds of the Offering to $143,751,150.
The Common Shares are listed on the Toronto Stock Exchange under
the symbol "FDGE".
National Bank Financial Inc. and CIBC Capital Markets acted as
joint bookrunners for the Offering with a syndicate that included
Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James
Ltd.
The Common Shares have not been and will not be registered under
the United States Securities
Act of 1933, as amended, or the securities laws of any state of
the United States and may not be
offered or sold within the United
States unless an exemption from registration thereunder is
available. This press release is not an offer to sell or a
solicitation of an offer to buy any Common Shares in the United States.
About Farmers Edge
Farmers Edge is a global leader in digital agriculture
delivering cutting-edge solutions powered by a unique combination
of field-centric data, artificial intelligence, and complete
integration. Farmers Edge is transforming the industry with
disruptive technologies and strategic partnerships designed to
enhance connectivity across the entire agricultural ecosystem. With
the most comprehensive data management platform on the
market–FarmCommand®–Farmers Edge is revolutionizing the way
farmers, agricultural professionals, and agri-businesses interact
with data. For more information please visit farmersedge.ca.
Forward-Looking Information
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events. Forward-looking information is based on a number of
assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the Company's control, that could cause
actual results and events to differ materially from those that are
disclosed in or implied by such forward-looking information. Such
risks and uncertainties include, but are not limited to, the
factors discussed under "Risk Factors" in the final
prospectus of the Company dated February 24,
2021. The Company does not undertake any obligation to
update such forward-looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
SOURCE Farmers Edge Inc.