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Bulletin de la Bourse
Groupe Dynamite Inc. (GRGD) inscrit à la Bourse de Toronto
25 novembre 2024
| Issuer: | Groupe Dynamite Inc. (the "Company") |
| Security: | Subordinate voting shares (the "Subordinate Voting Shares") |
| Symbol: | GRGD |
| Transaction: | 14,285,715 Subordinate Voting Shares are being offered to the public at a price of $21.00 per share (the "Offering Price") for total gross proceeds of $300,000,015 to the Selling Shareholders pursuant to an initial public offering by way of secondary offering (the "Offering") that is scheduled to close before the opening of markets on Tuesday, November 26, 2024. In addition, the Selling Shareholders have granted the Underwriters an over-allotment option pursuant to which the Underwriters may purchase up to 2,142,857 additional Subordinate Voting Shares at the Offering Price. |
| Commencement of trading: | Further to TSX Bulletin 2024-0850 dated November 19, 2024, the Subordinate Voting Shares will commence trading on TSX on an "if, as and when issued" basis at 9:30 a.m. (Toronto time) today, Thursday, November 21, 2024, under the symbol GRGD. |
| Settlement: | Subject to the closing of the Offering on Tuesday, November 26, 2024, all trades in GRGD in the "if, as and when issued" market on November 21, 22 and 25, 2024 will be for special settlement on November 26, 2024 and will appear on the Settlement Report from CDS Clearing and Depository Services Inc. Upon closing, TSX will issue a trader note confirming: (i) the closing; and (ii) that the Subordinate Voting 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 Subordinate Voting 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 Subordinate Voting 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. |
| Disclosure documents: | Final base PREP prospectus dated November 20, 2024 and the Company's press release of November 20, 2024, which are available at www.sedarplus.ca. The supplemented PREP prospectus of the Company will also be available shortly at www.sedarplus.ca. Capitalized terms not otherwise defined herein are as defined in the disclosure documents. |
| Additional information: | See TSX Bulletin 2024-0850 dated November 19, 2024 |
| TSX contact: | Anne Child, Managing Director, TSX Listings |