On December 3, 2021, Pluribus Technologies Inc. (“Pluribus”) and Aumento Capital IX Corp. (TSXV: AUIX.P) (“AUIX”) announced that Pluribus has closed a brokered and non-brokered offering (the “Offering”) of an aggregate of 3,475,291 subscription receipts (the “Subscription Receipts”) at a price of $6.75 per Subscription Receipt (the “Issue Price”). Pursuant to the Offering and the Common Share Issuances (as defined below), Pluribus raised an aggregate of approximately $25,000,000. The Subscription Receipts were issued pursuant to a subscription receipt agreement (the “Subscription Receipt Agreement”) among Pluribus, AUIX, Canaccord Genuity Corp. and TSX Trust Company, as escrow agent (the “Escrow Agent”).
Concurrently with the completion of the Offering, Pluribus entered into agreements with certain of its securityholders to apply payments in the amount of approximately $1,500,000 due to be paid to them towards subscriptions for Pluribus Common Shares (the “Common Share Issuances”).
The Offering was undertaken in connection with the previously announced business combination between Pluribus and AUIX, a capital pool company pursuant to which AUIX will acquire all of the issued and outstanding securities of Pluribus by way of a three-cornered amalgamation involving a wholly-owned subsidiary of AUIX (“Subco”) incorporated under the federal laws of Canada, with such acquisition (the “Proposed Transaction”) constituting a reverse take-over of AUIX.
Pluribus is a technology company that acquires small, profitable business-to-business software companies at reasonable prices in a range of verticals and industries.
Miller Thomson advised Pluribus on the Offering with a team comprised of Alfred Apps, Mack Hosseinian, Ian Polisuk (Capital Markets) and Joshua Davis (Student).