/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES./
TORONTO, Jan. 19, 2022 /CNW/ - dentalcorp Holdings Ltd.
("dentalcorp" or the "Company") (TSX: DNTL), Canada's largest and fastest growing network
of dental practices, today announced the closing of its previously
announced bought deal offering of 7,055,250 subordinate voting
shares of the Company ("Subordinate Voting Shares") (including
920,250 Subordinate Voting Shares issued pursuant to the exercise
in full of the over-allotment option granted by the Company to the
Underwriters (as defined below)) at a price of $16.30 per Subordinate Voting Share, for total
gross proceeds to the Company of approximately $115.0 million (the "Offering").
The Offering was made through a syndicate of underwriters led by
CIBC Capital Markets ("CIBC"), BMO Capital Markets ("BMO") and TD
Securities Inc. (together with CIBC and BMO, the "Joint Book
Runners"), and including Jefferies Securities, Inc., RBC Capital
Markets, Canaccord Genuity Corp., BofA Securities and Scotia
Capital Inc. (collectively, the "Underwriters").
In connection with the Offering, each of the Company and certain
institutional shareholders, agreed to a lock-up period of 90 days,
during which time they will be restricted from disposing of any
securities of dentalcorp without the prior consent of the Joint
Book Runners, on behalf of the Underwriters, subject to certain
exemptions.
The Offering was completed in Canada by way of a prospectus supplement dated
January 14, 2022 to its short form
base shelf prospectus dated January 14,
2022, and filed with the securities regulatory authorities
in each of the provinces and territories of Canada, copies of which are available under
the Company's profile on SEDAR at www.sedar.com.
The Subordinate Voting Shares issued pursuant to the Offering
have not been, and will not be, registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or
the securities laws of any state of the
United States and may not be offered, sold or delivered,
directly or indirectly, in the United
States, except pursuant to an exemption from the
registration requirements of the U.S. Securities Act and applicable
state securities laws. No securities regulatory authority has
either approved or disapproved the contents of this press release.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the
Subordinate Voting Shares in any jurisdiction in which such offer,
solicitation or sale would be unlawful.
About dentalcorp
dentalcorp is Canada's largest
and fastest growing network of dental practices, committed to
advancing the overall well-being of Canadians by delivering the
best clinical outcomes and unforgettable experiences. dentalcorp
acquires leading dental practices, uniting them in a common goal:
to be Canada's most trusted
healthcare network. Leveraging its industry-leading technology,
know-how and scale, dentalcorp offers professionals the unique
opportunity to retain their clinical autonomy while unlocking their
potential for future growth. To learn more, visit
dentalcorp.ca.
SOURCE dentalcorp Holdings Ltd.
