TORONTO, Jan. 24, 2022 /CNW/ - NowVertical Group Inc.
(TSXV: NOW) ("NOW" or the "Company"), a global big
data analytics software and services company, today announced that
it has filed a final short form base shelf prospectus with the
securities commissions in each of the provinces of Canada, other than Quebec.
Once a receipt for the final short form base shelf prospectus
(the "Shelf Prospectus") is obtained from the applicable
securities regulatory authorities, the Shelf Prospectus will be
effective for a 25-month period, during which time the Company may,
subject to securities regulatory requirements, issue subordinate
voting shares, debt securities, warrants, subscription receipts and
units (the "Securities") in amounts, at prices and on terms
based on market conditions at the time of sale and set forth in an
accompanying shelf prospectus supplement ("Prospectus
Supplement"), for an aggregate offering amount of up to
$65,000,000.
Each Prospectus Supplement will contain specific information
concerning the use of proceeds from that sale of Securities. There
is no certainty that any Securities will be offered or sold under
the Shelf Prospectus within the 25-month period that it is
effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy securities in the United States or in any jurisdiction where
the offer, sale or solicitation would be unlawful. The Securities
referred to in this press release may not be offered or sold in
the United States absent
registration or an applicable exemption from registration. A copy
of the Shelf Prospectus can be found on SEDAR at www.sedar.com.
About NowVertical Group Inc.
NOW is a big data, Vertical Intelligence ("VI") software
and services company that is growing organically and through
acquisition. NOW's VI solutions are organized by industry vertical
and are built upon a foundational set of data technologies that
fuse, secure, and mobilize data in a transformative and compliant
way. The NOW product suite enables the creation of high value VI
solutions that are predictive in nature and drive automation
specific to each high value industry vertical. For more information
about the Company, visit www.nowvertical.com.
Forward–Looking Statements
This news release may contain forward–looking statements (within
the meaning of applicable securities laws) which reflect the
Company's current expectations regarding future events.
Forward-looking statements are identified by words such as
"believe", "anticipate", "project", "expect", "intend", "plan",
"will", "may", "estimate" and other similar expressions. These
statements are based on the Company's expectations, estimates,
forecasts and projections and include, without limitation,
statements regarding the future success of the Company's
business.
The forward-looking statements in this news release are based on
certain assumptions. The forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to control or predict. A number of
factors could cause actual results to differ materially from the
results discussed in the forward-looking statements. Readers,
therefore, should not place undue reliance on any such
forward-looking statements. Further, these forward-looking
statements are made as of the date of this news release and, except
as expressly required by applicable law, the Company assumes no
obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE NowVertical Group Inc.