Kits Eyecare Ltd. Increases Previously Announced Secondary Offering of Common Shares to $11.4 Million and Increases Block Trade of Common Shares

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VANCOUVER, BC, Sept. 6, 2024 /CNW/ - Kits Eyecare Ltd. (TSX: KITS) ("KITS" or the "Company") a leading vertically integrated eyecare provider, is pleased to announce that the previously announced secondary offering of common shares of the Company (the "Common Shares") by Roger Hardy and entities managed by Roger Hardy (collectively, the "Hardy Shareholders"), LD Group Holdings Ltd. ("LD Group") and Joseph Thompson (together with the Hardy Shareholders and LD Group, the "Selling Securityholders") has been upsized (the "Offering").  The Offering is being led by Canaccord Genuity Corp. ("Canaccord Genuity" or the "Lead Underwriter") as sole bookrunner and lead underwriter, on behalf of a syndicate of underwriters (collectively, the "Underwriters"). Pursuant to the amended agreement, the size of the Offering has increased from the previously announced $10,150,000 to $11,418,750, with the Underwriters agreeing to purchase on a bought deal basis an aggregate of 1,125,000 Common Shares held by the Selling Securityholders at an offering price of $10.15 per share (the "Offering Price").