Nerds on Site Inc. has filed an amendment to its preliminary prospectus in connection with its proposed initial public offering (IPO). Nerds on Site intends to offer a minimum of 11,428,571 units for total gross proceeds of $4,000,000 and a maximum of 17,142,857 Units for total gross proceeds of $6,000,000 at a price of $0.35 per unit.
Nerds on Site had previously planned to raise $4 million in a maximum offering at the same offering unit price.
The offering is led by Canaccord Genuity Corp. Norton Rose Fulbright Canada LLP and McLeod Law LLP are the legal counsels to Nerds on Site and the agent respectively.
Nerds on Site has applied to list its common shares on The Canadian Securities Exchange (CSE).
London, Ontario based Nerds on Site provides mobile IT support for small to medium-sized businesses. Its services include computer set up, network installation, tailored software services and IT support.
photo credit: Nerds on Site
Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.
Latest posts by Ted Liu (see all)
- Element AI secures $200M Series B led by CDPQ-AI Fund - September 13, 2019
- GoFor Industries secures financing from CEMEX Ventures - September 12, 2019
- Relentless Venture Fund invests in snapclarity - September 11, 2019