Exchange Bulletin
Copperleaf Technologies Inc. (CPLF) To Trade On Toronto Stock Exchange
October 7, 2021
| Issuer: | Copperleaf Technologies Inc. (the "Company") |
| Security: | Common Shares |
| Symbol: | CPLF |
| Transaction: | A total of 9,340,000 common shares of the Company (the "Shares") are being sold to the public at a price of $15.00 per Share (the "Offering Price") for total gross proceeds of $140,100,000 pursuant to an initial public offering (the "Offering") that is scheduled to close before the opening on October 14, 2021. The Company has also granted the Underwriters an option, exercisable in whole or in part at any time for a period of 30 days after the Closing Date, to purchase up to an additional 1,401,000 Shares at the Offering Price. |
| Commencement of trading: | Further to Toronto Stock Exchange ("TSX") Bulletin 2021-0956 dated October 4, 2021, the Shares will commence trading on TSX on an "if, as and when issued" basis at 9:30 a.m. (Toronto time) today, Thursday October 7, 2021, under the symbol CPLF. |
| Settlement: | Subject to the closing of the Offering on Thursday October 14, 2021, all trades in CPLF in the "if, as and when issued" market on: (i) October 7 and October 8, 2021 will be for special settlement on October 14, 2021; and (ii) October 12 and October 13, 2021 will be for special settlement two business days after the trade date and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. TSX is closed on October 11, 2021 for Thanksgiving Day. Upon closing, TSX will issue a trader note confirming: (i) the closing; and (ii) that the Shares will no longer trade on an "if, as and when issued" basis but will trade thereafter on a regular settlement basis. If the Offering does not close, all of the "if, as and when issued" trades will be cancelled. No securities will be delivered and no money will be owed by purchasers to sellers. Parties who are entitled to receive Shares under the Offering may sell such securities in the "if, as and when issued" market without being subject to restrictions on short sales. Parties who are not entitled to receive Shares under the Offering must comply with the short sale rule in all respects for any sales they make in the "if, as and when issued" market. |
| Offering document: | The Company's final base PREP prospectus dated October 6, 2021 (the "Prospectus") and press release dated October 6, 2021 which are available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| Additional information: | See TSX Bulletin 2021-0956 dated October 4, 2021. |
| TSX contact: | Chris Birkett, Managing Director, Toronto Stock Exchange |