{"id":3927,"date":"2022-04-07T14:09:58","date_gmt":"2022-04-07T18:09:58","guid":{"rendered":"https:\/\/www.millerthomson.com\/deals-cases\/facedrive-inc-completes-fully-subscribed-17-5-million-private-placement\/"},"modified":"2024-08-22T14:53:21","modified_gmt":"2024-08-22T18:53:21","slug":"facedrive-inc-completes-fully-subscribed-17-5-million-private-placement","status":"publish","type":"deals-cases","link":"https:\/\/www.millerthomson.com\/en\/deals-cases\/facedrive-inc-completes-fully-subscribed-17-5-million-private-placement\/","title":{"rendered":"Facedrive Inc. completes fully-subscribed $17.5 million private placement"},"content":{"rendered":"

On April 7, 2022, Facedrive Inc. (TSXV:FD) (\u201cFacedrive\u201d or the \u201cCompany\u201d) announced the completion of a non-brokered private placement. Facedrive issued 29,661,016 units (the \u201cUnits\u201d) at a subscription price of $0.59 per Unit, for aggregate gross proceeds to the Company of $17.5 million. Each Unit consisted of one common share of the Company (a \u201cShare\u201d) and one common share purchase warrant (a \u201cWarrant\u201d). Each Warrant entitles the holder thereof to acquire one additional Share (a \u201cWarrant Share\u201d) at a price of $0.73 per Warrant Share for a period of 36 months from the date of issuance, subject to customary adjustment provisions. The Company decided to upsize the private placement as a result of strong investor interest.<\/p>\n

Facedrive is a Canadian tech company that offers green personal transportation and food delivery solutions by focusing on carbon emissions reduction.<\/p>\n

Miller Thomson advised Facedrive with a team comprised of Geoff Clarke, Jonathan Tong and Simon Igelman (Capital Markets & Securities).<\/p>\n

Our Capital Markets & Securities Group has a vast depth of knowledge and experience in advising public and private clients from a range of industries including technology, life sciences, mining, industrials, real estate and more, in raising capital and getting business deals done seamlessly and efficiently. Learn more about our full suite of legal services.<\/em><\/a><\/p>\n","protected":false},"author":1,"template":"","class_list":["post-3927","deals-cases","type-deals-cases","status-publish","hentry"],"acf":[],"yoast_head":"\nFacedrive Inc. completes fully-subscribed $17.5 million private placement | Miller Thomson<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.millerthomson.com\/en\/deals-cases\/facedrive-inc-completes-fully-subscribed-17-5-million-private-placement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Facedrive Inc. completes fully-subscribed $17.5 million private placement | Miller Thomson\" \/>\n<meta property=\"og:description\" content=\"Counsel to Facedrive Inc.\" \/>\n<meta property=\"og:url\" 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