• BIGG Digital (BIGG) has completed its previously announced increased bought deal public offering, originally at C$10 million for aggregate gross proceeds of C$12 million
  • A total of 24 million units of the BIGG were sold according to the offering for C$0.50 per unit
  • Units issued under the offering were offered by way of a short form prospectus dated January 21, 2021, filed in each of the provinces of Canada (not including Québec)
  • The offering was conducted by a syndicate of underwriters led by PI Financial Corp., included Canaccord Genuity Corp. and Echelon Wealth Partners
  • BIGG (BIGG) is up 12.50 per cent and is trading at C$0.45 at close

BIGG Digital (BIGG) has completed its previously announced increased bought deal public offering, originally at C$10 million for aggregate gross proceeds of C$12 million.

A total of 24 million units of the BIGG were sold according to the offering for C$0.50 per unit.

Each unit consists of one common share in the capital of BIGG and one-half of one common share purchase warrant of the BIGG.

Each warrant entitles the holder to acquire one common share at an exercise price of C$0.70 per common share for 24 months from the closing of the offering.

The units issued under the offering were offered by way of a short form prospectus dated January 21, 2021, filed in each of Canada’s provinces (not including Québec).

The offering was conducted by a syndicate of underwriters led by PI Financial Corp., included Canaccord Genuity Corp. and Echelon Wealth Partners.

The underwriters received a cash commission equal to 6 per cent of the gross proceeds of the offering.

Proceeds of the offering will primarily fund increasing long-term Bitcoin investment holdings and Netcoins advertising and promotion. Some funds may also go towards the company’s working capital.

BIGG invests in products and companies to support their belief that crypto is safe, compliant, and a regulated environment. 

Currently, BIGG owns two operating companies: Blockchain Intelligence Group and Netcoins.

Both operating divisions provide blockchain search products to large enterprises with significant data requirements in the financial and e-commerce sectors globally, brokerage, and exchange software. 

BIGG (BIGG) is up 12.50 per cent and is trading at C$0.45 at close.

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