Announced financings: March 25, 2024

Here's your roundup of yesterday's announced financings, courtesy of PrivatePlacements.com, the only platform that posts every Canadian financing, every day.

1. Vitalhub Corp. (TSX: VHI)

• Gross Proceeds: $35 million (bought deal)
• Sector: Healthcare software
• Units issued: 5.83 million
• Type: Common shares
• Price: $6.00
• Warrants: None
• Agents: Cormark Securities
• Use of Proceeds: Growth initiatives

Company breakdown:

• Creates "Software for Health and Human Services providers designed to simplify the user experience and optimize outcomes"
• Clocked revenue of $13.6 million in Q4
• Shares have climbed precipitously, roughly around the time Deloitte named it the 421st fastest-growing company in North America

2. Rapid Dose Therapeutics Corp. (CSE: DOSE)

• Gross Proceeds: $6 million
• Sector: Drug delivery
• Units issued: 1.75 million
• Type: Common shares
• Price: $0.17
• Warrants: None
• Agents: Non-brokered
• Use of Proceeds: Debt settlement

Company breakdown:

• Company developing new drug delivery methods
• Flagship product is QuickStrip, a thin, orally dissolvable film that can be infused with active ingredients like vaccines or pharmaceuticals
• Lack of recent news other than private placements