Blackline’s C$40 Million Bought Deal Financing

Torys LLP acted for the syndicate of underwriters.

On October 19, 2021, Blackline Safety Corp. 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.

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.

The Torys’ team consisted of Mike Pedlow (Picture), Brett Saulnier, Alison Shamie and Matt Bean (corporate/Canadian securities) and Chris Bornhorst (corporate/U.S. securities).

Involved fees earner: Chris Bornhorst – Torys LLP; Michael Pedlow – Torys LLP; Brett Saulnier – Torys LLP; Alison Shamie – Torys LLP;

Law Firms: Torys LLP;

Clients: Beacon Securities Limited; Canaccord Genuity; Echelon Wealth Partners Inc.; Lightyear Capital LLC; National Bank Financial Inc.; Peters & Co.; PI Financial Corp.; Raymond James Ltd. ; TD Securities;

Sonia Carcano

Author: Sonia Carcano