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
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