BBTV files prospectus for initial public offering

On October 8, 2020, BBTV Holdings Inc. ("BBTV Holdings") announced that it filed, and obtained a receipt for, its preliminary prospectus with the securities regulatory authorities in each of the provinces and territories in Canada for the proposed initial public offering of subordinate voting shares. Pursuant to the preliminary prospectus filed on October 7, 2020, BBTV Holdings intends to raise C$172,400,000 with an anticipated offering price of between C$14.00 and C$22.50 per offered share, resulting the issuance of between 12,314,286 and 7,662,221 subordinate voting shares.

The offering is being underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and Scotia Capital Inc., as joint active bookrunners, and also including CIBC Capital Markets, as bookrunner, BMO Capital Markets, Eight Capital, Stifel GMP, Cormark Securities Inc. and PI Financial Corp. BBTV Holdings has granted the underwriters an over-allotment option, exercisable in whole or in part at any time for a period of 30 days following the closing of the offering, to purchase up to an additional 10% of the aggregate number of shares issued under the offering on the same terms, which, if exercised in full, would increase the total gross proceeds of the offering to C$189,640,000.

Immediately following the closing of the offering, which is expected to take place on or about October 26, 2020, BBTV Holdings intends to use the net proceeds to acquire all of the issued and outstanding securities of the media and technology company BroadbandTV Corp. ("BroadbandTV") and will carry on the business of BroadbandTV as the business of BBTV headquartered in Vancouver, Canada.

Further information can be found on BBTV's website.

BBTV is a media and technology company headquartered in Vancouver, Canada. BBTV is an enabling platform with a stated mission of advancing the world through the democratization of content.