VHI:CC - Early Warning Report Issued Pursuant to National Instrument 62-103 Acquisition of Securities of Vitalhub Corp.

Canada NewsWire

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TORONTO , April 22, 2022 /CNW/ - This press release is being disseminated as required by National Instrument 62–103 - The Early Warning System and Related Take Over Bids and Insider Reporting Issuers in connection with the filing of an early warning report (the " Early Warning Report ") regarding the acquisition of securities of Vitalhub Corp. (TSX: VHI) (the " Issuer "), with its head office located at 480 University Avenue, Suite 1001, Toronto, Ontario M5G 1V2, by Shen Capital Fund I L.P., by its General Partner, Shen Capital Management Inc. (" Shen Capital "),  with its head office located at 130 Bloor Street West, Suite 905, Toronto, Ontario , M5S 1N5.

Shen Capital purchased 2,269,175 common shares of the Issuer (" Common Shares ") pursuant to a bought deal public offering of the Issuer completed on April 21, 2022 conducted by a syndicate of underwriters led by Cormark Securities Inc. and Eight Capital and included Beacon Securities Limited, Canaccord Genuity Corp. and Roth Canada, Inc. (the " Offering ") for $3.10 per Common Share, for aggregate proceeds of $7,034,442.50 .

Prior to the Offering, Shen Capital held, directly or indirectly, 4,395,375 Common Shares of the Issuer, representing 11.8% of the issued and outstanding Common Shares on a non-diluted basis, and following the Offering, Shen Capital holds, directly and indirectly, an aggregate of 6,664,550 Common Shares, such amount representing 15.5% of the issued and outstanding Common Shares.

Shen Capital may increase or decrease its beneficial ownership or control depending on market or other conditions.

A copy of the Early Warning Report with additional information in respect of the foregoing matters may be found on www.SEDAR.com .

The TSX does not accept responsibility for the adequacy or accuracy of this release.

SOURCE VitalHub Corp.

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