TAAL closes $40 million public offering of units

18 March 2021

On March 18, 2021, TAAL Distributed Information Technologies Inc. (CSE: TAAL) (FWB: 9SQ1) ("TAAL"), a vertically integrated, blockchain infrastructure and service provider for enterprise, announced that it had closed its previously announced public offering of units. The offering was oversubscribed for aggregate gross proceeds of approximately $40 million.

The offering was led by Canaccord Genuity Corp. as lead agent and sole bookrunner, on behalf of a syndicate of agents including Cantor Fitzgerald Canada Corporation, Paradigm Capital Inc. and Leede Jones Gable Inc.

Gowling WLG advised the agents in this transaction with a team that included Peter Simeon, Tara Amiri, Josh Almario and Ethan Chang, assisted by student-at-law James Stewart.

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