trending Market Intelligence /marketintelligence/en/news-insights/trending/gXxE-zmO1cw-NNucasWMcg2 content esgSubNav
In This List

Well Health upsizes private placement of special warrants to C$13M

Case Study

Identifying PPE Suppliers During the Pandemic


Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage


COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021


Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Well Health upsizes private placement of special warrants to C$13M

Well Health Technologies Corp. upsized its planned bought-deal private placement of special warrants to about C$13 million from C$12 million.

The Vancouver, British Columbia-based company is now offering 9 million special warrants at C$1.45 apiece. Each special warrant in the offering can be exchanged for a common share of Well Health without any additional payment.

Underwriters have the option to buy up to an additional 1,350,000 warrants at the offering price for up to two business days prior to the closing. The proceeds to Well Health will increase to about C$15 million, if the underwriters exercise their option in full.

Well Health, which acquires digital assets and primary healthcare services, said earlier that it would use the proceeds to fund acquisitions, organic growth investments, working capital and general corporate purposes.

The healthcare services firm expects to close the placement Aug. 13, subject to certain conditions.

GMP Securities LP is the lead underwriter in connection with the offering, which is expected to include a subscription from Chinese investor Li Ka-shing, one of the world's richest people.