- Ankh Capital Inc. (ANKH) has completed its initial public offering of 10 million common shares at a price of $0.10 per common share
- When combined with Ankh Capital’s cash proceeds from before the public offering, it raised a total of $1,281,000
- The company has a total of 15,620,000 common shares issued and outstanding, of which 6,220,000 are being held in escrow
- The net proceeds from the IPO will be used to complete a qualifying transaction under the capital pool company (CPC) program of the TSXV
- Ankh Capital Inc. (ANKH) is unchanged trading at 0.10 at 12:50 p.m. ET
Ankh Capital (ANKH) completed its initial public offering of 10 million common shares for gross proceeds of $1 million.
When combined with Ankh Capital’s cash proceeds from before the public offering, it raised a total of $1,281,000.
It has a total of 15,620,000 common shares issued and outstanding, of which 6,220,000 are being held in escrow.
Ankh Capital is a capital pool company.
The net proceeds will be used to complete a qualifying transaction under the capital pool company (CPC) program of the TSXV.
PI Financial Corp. acted as the agent for the public offering. For its services, it received a commission equal to 10 per cent of the gross proceeds, and an agent’s share purchase option.
Each agent’s option will entitle the holder to acquire one common share in the capital of Ankh Capital for $0.10 per share and expires 60 months after the date of listing on the CPC program.
The company’s common shares are now trading on the CSE.
Ankh Capital Inc. (ANKH) is unchanged trading at 0.10 at 12:50 p.m. ET.
