Dialogue Health Technologies Inc. has filed a preliminary long-form prospectus for a proposed initial public offering of common shares and concurrent secondary offering by selling shareholders if the over-allotment option is exercised.
The price of the common shares to be sold has not yet been determined.
Dialogue major investors/shareholders include Sun Life Assurance Company of Canada, White Star Capital, HV Capital, Diagram Corporation and Portag3 Ventures which collectively control 63% of pre-IPO outstanding shares.
Dialogue other shareholders include Caisse de dépot et placement du Québec, First Ascent Ventures, National Bank of Canada, Walter Financial Inc., Hacking Health Accelerator Inc.
The selling shareholders include Diagram, Portag3, CEO Cherif Habib, Chief Product Officer Anna Chif, and CTO Alexis Smirnov. Habib, Chif, and Smirnov collectively own 23.3% of pre-IPO outstanding shares.
Incorporated in 2016, Dialogue is Canada’s premier virtual healthcare and wellness platform, providing affordable, on-demand access to quality care.
For the year ended December 31, 2020, Dialogue reported $35.8 million in revenues, $14.4 million in gross profit, $20.2 million in net loss.
Dialogue has 250 full-time employees, including those of its subsidiaries.
photo credit: Dialogue
News Release
DIALOGUE HEALTH TECHNOLOGIES INC. FILES PRELIMINARY PROSPECTUS FOR INITIAL PUBLIC OFFERING
Not for distribution to U.S. news wire services or dissemination in the United States.
Montréal, Québec, March 8th, 2021 – Dialogue Health Technologies Inc. (“Dialogue” or the “Company”) announced today that it has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and obtained a receipt for, a preliminary long-form prospectus (the “Preliminary Prospectus”) for a proposed initial public offering of common shares (the “Offering”). The price of the common shares to be sold has not yet been determined.
The Offering is being made through a syndicate of underwriters led by National Bank Financial Inc., RBC Capital Markets, Scotiabank and TD Securities Inc. as joint bookrunners and including CIBC World Markets Inc., Desjardins Securities Inc., Canaccord Genuity Corp., iA Private Wealth Inc., INFOR Financial Inc. and Laurentian Bank Securities Inc.
The Preliminary Prospectus contains important information relating to Dialogue, the common shares and the Offering and is still subject to completion or amendment. Copies of the Preliminary Prospectus are available on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the common shares until a receipt for the final prospectus has been issued.
No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Dialogue in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the U.S. Securities Act). Accordingly, the securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.
About Dialogue
Incorporated in 2016, Dialogue is Canada’s premier virtual healthcare and wellness platform, providing affordable, on-demand access to quality care. Through our team of health professionals, we serve employers and organizations who have an interest in the health and well-being of their employees, members and their families. Our Integrated Health Platform™ is a one-stop healthcare hub that centralizes all of our programs in a single, user-friendly application, providing access to Services 24 hours per day, 365 days per year from the convenience of a smartphone, computer or tablet.
For further information, please contact:
Investor relations
Navaid Mansuri
Chief Financial Officer
investors@dialogue.co
investors.dialogue.co
Media Relations
Jean-Christophe de Le Rue
Director of Public and Government Relations
press@dialogue.co / 613-806-0671