Blackline closes C$40 million bought deal financing
Torys acted as counsel to the syndicate of underwriters with a team that included Mike Pedlow, Brett Saulnier, Alison Shamie and Matt Bean (corporate/Canadian securities) and Chris Bornhorst (corporate/U.S. securities).
On October 19, 2021, Blackline Safety Corp. ("Blackline") completed its previously announced bought deal short-form prospectus offering of common shares of Blackline. In connection with the offering, Blackline issued 5,480,000 common shares at an issue price of C$7.30 per common share for aggregate gross proceeds of C$40 million.
The offering was conducted through a syndicate of underwriters co-led by PI Financial Corp. and Raymond James Ltd. and included Canaccord Genuity Corp., National Bank Financial Inc., TD Securities Inc., Beacon Securities Limited, Echelon Wealth Partners Inc., Peters & Co. Limited and Lightyear Capital Inc.
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Blackline is a provider of wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations.