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EQ Inc. Announces Closing of Previously Announced Overnight Marketed Public Offering of Common Shares
TORONTO, ON / ACCESSWIRE / February 19, 2021 / EQ Inc. (TSXV:EQ) (
EQ or the
Company ), a leader in geospatial data and artificial intelligence driven software, announced today the closing of its previously announced overnight marketed offering (the
Offering ) of an aggregate of 7,187,500 common shares in the capital of the Company (the
Offered Securities ) at a price of C$1.60 per Offered Security for total gross proceeds of C$11,500,000, which includes the full exercise of the over-allotment option granted to the Underwriters (as defined herein).
The Offered Securities were offered by way of a short form prospectus filed in each of the Provinces of Canada, other than Québec, (the