Adcore closes marketed offering of units

1 minute read
17 June 2021

On June 17, 2021, Adcore Inc. ("Adcore" or the "Company") (TSX: ADCO) (FSE: ADQ) closed a marketed offering of units of the Company for gross proceeds of $4,123,000. The offering was made by way of a prospectus supplement dated June 11, 2021 to the Company's existing short form base shelf prospectus dated May 10, 2021, and was completed through a syndicate of underwriters led by Canaccord Genuity Corp. as sole bookrunner, and including Echelon Wealth Partners Inc., Roth Canada, ULC and Haywood Securities Inc. 

Adcore is a leading provider of machine-learning and AI-powered advertising technologies used by digital agencies and advertisers to leverage digital marketing in an effortless and accessible way ("Effortless Advertising"). The Company is headquartered in Tel Aviv, with satellite offices in Toronto, Melbourne, Hong Kong and Shanghai.

Gowling WLG advised Adcore with respect to this offering with a team that included Jason A. Saltzman, Warren Cass and Adam Sherman (corporate/securities) and Paul Carenza and Mariam Al-Shikarchy (tax).


NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.