Fusion Agiletech Partners closes RTO private placement

Fusion Agiletech Partners Inc. has completed a private placement financing, raising $#SUBSCRIBERS ONLY CONTENT – where and how did you get your news? Subscribe today to see our research on this and all other subscriber ONLY news. Be informed!#

Clarus Securities Inc., Powerone Capital Markets Limited, Primary Capital Inc. acted as placement agents. Cassels Brock & Blackwell LLP acted as legal counsel.

In February 2018, Fusion Agiletech Partners announced the acquisition of Dallas, Texas based Quisitive, LLC, a digital technology consulting firm. Mike Reinhart, President and CEO of Quisitive, became CEO of Fusion Agiletech.

As part of the acquisition, Fusion Agiletech Partners intends to go public in Canada in 2018.

On February 22, 2018, Fusion Agiletech Partners announced the entering into a binding letter agreement with Nebo Capital Corp (TSX-V: NBO.H) for a going public transaction through a reverse take-over of Nebo by the shareholders of Fusion.

As part of the RTO, Fusion will complete a brokered private placement led by Clarus Securities Inc. for aggregate gross proceeds of up to $7 million.

Fusion, through Quisitive, plans to build one of North America’s largest capabilities in customer-oriented information technology solutions, specializing in transformative technologies including blockchain, cloud and agile software development. Fusion will fund investments in blockchain product innovation to create industry Blockchain-as-a-Service solutions