THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES
VANCOUVER, BC, Sept. 5, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company"), a leading vertically integrated eyecare provider, announces that Roger Hardy and entities managed by Roger Hardy (the "Hardy Shareholders"), LD Group Holdings Ltd. ("LD Group") and Joseph Thompson (together with the Hardy Shareholders and LD Group, the "Selling Securityholders"), have entered into an agreement with Canaccord Genuity Corp. as sole bookrunner and sole-lead underwriter ("Canaccord Genuity" or the "Lead Underwriter"), pursuant to which the Lead Underwriter, on behalf of a syndicate (collectively, the "Underwriters"), have agreed to purchase on a bought deal basis an aggregate of 1,000,000 common shares held by the Selling Securityholders at an offering price of $10.15 per share (the "Offering Price") for total gross proceeds to the Selling Securityholders of $10,150,000 (the "Offering"). KITS will not receive any proceeds from the Offering.
Read more at newswire.ca