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Denver, November 26, 2021 (Global News Agency)-Assure Holdings Corp. (“company” or”guarantee“) (NASDAQ Stock Code:income, Toronto Stock Exchange:International Organization for Migration), an intraoperative neuromonitoring service provider, is pleased to announce that the company intends to complete a non-brokered private placement with the participation of Assure’s management, board of directors, and certain employees and consultants, up to 70,300 shares of the company’s common stock company (“Common stock“) The issue price is US$6.19 per common share, with total earnings of approximately US$435,000 (“supply”). The issuance price is determined according to the market background, in accordance with the NASDAQ listing requirements, and after the company’s trading lock-up period according to the insider trading policy ends.
This issuance is not expected to issue any warrants. It is expected that no commissions or fees will be paid for the sale.
The net proceeds from this issuance are expected to be used to service the previously announced system-wide contract with Premier, Inc., expand the company’s high-profit remote neurology service platform, expand the company’s operational footprint to new states, and continue to build the foundation The facilities support the company’s growth plans and general working capital purposes.
The issuance is still subject to the approval of the TSX Venture Exchange (“Toronto Stock Exchange“). This press release does not constitute an offer to sell or any offer to purchase securities, nor should such an offer, offer or sale…
The full story can be found on Benzinga.com
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