VIQ Solutions Announces Amendment to Credit Agreement, Draw on Previously Announced US$15 Million Credit Facility, and Repricing of Warrants
Retrieved on:
Saturday, November 11, 2023
As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.
Key Points:
- As of the date hereof, US$14.25 million of the Loan has been advanced to the Company.
- In connection with the Subsequent Advance, the Company has issued 123,365 common share purchase warrants (each, a “Warrant”) to the Lender.
- A copy of the Credit Agreement is available, and the Amending Agreement will be available, under the Company’s profile on SEDAR+ at www.sedarplus.ca .
- Under the terms of the Amendment, the exercise price of the Repriced Warrants would be reduced to CDN$0.2004.