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IPO FINANCING CLOSING SOON


Now that we’re officially in the second half of 2022, analysts are warning that the rest of the year could prove to be challenging for the stock market. While the first half of the year already had its bevy of challenges — including the S&P closing out its largest H1 decline in over 50 years.

That being said, even during down times companies across a wide range of sectors can still outshine the indexes, and every week Buzz on the Bullboards proves this theory.

Much of the discussion happens on the Bullboards, and our Buzz on the Bullboards articles help you review the companies and topics that are trending in the community.

This week we’re looking at leading sectors and a few companies that made some very impressive leaps. Were they temporary strides, or markers of continuous (and possibly upwards) momentum?

Since June 28, investors have kept their eyes on Whitecap Resources (TSX:WCP) following its announcement that it will be acquiring XTO Energy for a total cash consideration of roughly $1.9 billion and the assumption of estimated positive working capital upon closing for a net purchase price of $1.7 billion.

The acquisition will also be funded through existing credit facilities and a new 4-year term loan. Upon closing, Whitecap Resources will have a net debt of $2.1 billion out of a total credit capacity of $3.1 billion.

Canopy Growth Corporation (TSX:WEED) is not new to cannabis investors, having been labeled the largest cannabis company in 2019 based on its valuation at the time.

The licensed producer announced on June 30 that it has entered into an additional privately negotiated exchange agreement with a holder of Canopy’s outstanding 4.25% unsecured senior notes due in 2023 to acquire roughly C$7.25 million aggregate principal amount of the notes from the noteholders in exchange for common shares of the company and $140,000 in cash.

New Found Gold (TSXV:NFG) announced its Amended Information Form has been filed with the Canadian securities regulators and with the U.S. Securities Exchange Commission on Form-F.

New Found Gold Corp. holds a 100% interest in the Queensway Project located roughly 15 kilometers of Gander, Newfoundland and roughly 18 kilometers from Gander International Airport. The company is also currently undertaking a 400,000 meter drill program at Queensway which is roughly 50% complete.

As we’re learning, each sector is experiencing the uncertainty ride differently, and we want to know where your money is at! With many of our top sectors and most-viewed companies changing regularly, it’s important to check in and see where small-cap investors are focusing their investments.

Of course, the story for each sector is likely to change by next week, and sometimes even more quickly. It’s more important than ever for small-cap investors to stay up to date on the current conversations and company movements, and there’s no better place than the Bullboards.

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