trending Market Intelligence /marketintelligence/en/news-insights/trending/0gsfypikurmwusezpxpmvw2 content esgSubNav
In This List

Bradmer issues C$305M of subscription receipts ahead of merger

Blog

Insight Weekly: US inflation soars; real estate faces slowdown; megadeals drive tech M&A

Blog

Commercial Banking: June 22nd Edition

Blog

Understanding Loss Given Default A Review of Three Approaches

Blog

Insight Weekly: Path to net-zero; US manufacturing momentum; China's lithium M&A frenzy


Bradmer issues C$305M of subscription receipts ahead of merger

Canada's Bradmer Pharmaceuticals Inc. raised C$305 million via a placement offering ahead of its merger with First Coin Capital Corp. and Galaxy Digital LP.

The company, which issued 61 million subscription receipts priced C$5 each, will merge with the entities and change its name to Galaxy Digital Holdings Ltd.

Bradmer will hold 19.6% of the combined entity which will offer digital currency-related services.

GMP Securities LP acted as sole agent for the offering.

GMP Securities LP is also acting as financial adviser to Bradmer, First Coin and Galaxy Digital.

Sullivan & Cromwell LLP, Blake, Cassels & Graydon LLP and Maples and Calder are acting as legal advisers to Galaxy Digital.

Wildeboer Dellelce LLP is acting as legal adviser to Bradmer. Borden Ladner Gervais LLP is acting as legal adviser to First Coin.