DOCRF - CloudMD announces $45M bought deal offering
Telemedicine company CloudMD Software & Services (DOCRF) has entered into an agreement with Canaccord Genuity, Beacon Securities and Echelon Wealth Partners for a bought deal offering of 16.67M shares at a price of $2.70/share for aggregate gross proceeds of about $45M.The company has also granted the underwriter an option to purchase up to an additional 2.5M Shares at a price of $2.70/share. The Offering is expected to close on March 9, 2021.CloudMD intends to use the net proceeds of the offering for strategic M&A activities, working capital and general corporate purposes.
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CloudMD announces $45M bought deal offering