Carl Data Solutions completes rights offering

January 8, 2018

On January 8, 2018, Carl Data Solutions Inc. (CSE: CRL) (FSE: 7C5) (OTC: CDTAF) announced the completion of its previously announced rights offering. The rights offering was fully subscribed and Carl Data Solutions issued an aggregate of 11,042,331 units, raising aggregate gross proceeds of $2,871,006.

Mackie Research Capital Corporation acted as exclusive soliciting dealer on a commercially reasonable efforts basis in connection with this offering.

Carl Data Solutions is an Industrial IoT (IIoT) company focused on providing next generation information collection, storage and analytics solutions for data-centric companies.

Miller Thomson advised Mackie in this offering with a team that included Rory Godinho, Kevin Sorochan and Elizabeth Holden.