Each Unit consists of one common share of the Company (each, a 'Common Share') and one-half of one Common Share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant will entitle the holder thereof to acquire one Common Share at an exercise price of
VIQ intends to use the net proceeds from the Offering to fund additional proprietary domain specific AI models, as well as for working capital and general corporate purposes.
The Units will be subject to a four-month hold period commencing on the closing date of the Offering pursuant to National Instrument 45-102 - Resale of Securities. The Common Shares, Warrants and shares issuable upon exercise of the Warrants are 'restricted securities' under US securities laws and may not be resold except pursuant to an exemption from the US registration requirements.
About VIQ
Related Party Disclosure
The issuance of 1,583,333 Units under the Offering to
Forward-looking Statements
Certain statements included in this news release constitute forward-looking statements or forward-looking information ('forward-looking statements') under applicable securities legislation. Such forward-looking statements are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.
Forward-looking statements typically contain statements with words such as 'anticipate', 'believe', 'expect', 'plan', 'intend', 'estimate', 'propose', 'project' or similar words suggesting future outcomes or statements regarding an outlook. Forward-looking statements in this news release include, but are not limited to, those statements with respect to the intended use of proceeds from the Offering. Forward-looking statements are based on several factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although VIQ believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on forward-looking statements because VIQ can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified in this news release, assumptions have been made regarding, among other things, the Company's business plans and goals. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions that have been used.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by the Company as of the date of this news release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking statements, including but not limited to the factors described in greater detail in the 'Risk Factors' section of the Company's annual report for the year ended
Contact:
Tel: (800) 263-9947
Email: marketing@viqsolutions.com
(C) 2023 Electronic News Publishing, source