Date closed: 1/28/2021
Value: $13.9 million
On January 28, 2021, BIGG Digital Assets Inc. (BIGG or the Company) (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W) completed its increased bought deal public offering (the Offering), originally at $10,000,000, for aggregate gross proceeds of $12,000,000 (all figures are in Canadian dollars unless otherwise stated). A total of 24,000,000 units (the Units) of the Company were sold pursuant to the Offering at a price of $0.50 per Unit.
The Offering was conducted by a syndicate of underwriters led by PI Financial Corp. and included Canaccord Genuity Corp. and Echelon Wealth Partners (collectively, the Underwriters). The Underwriters received a cash commission equal to 6% of the gross proceeds of the Offering.
On February 5, 2021, the Company announced that the Underwriters for the Offering partially exercised the over-allotment option resulting in the issuance of an additional 3,594,500 common shares in the capital of the Company and an additional 1,800,000 purchase warrants for additional gross proceeds to the Company of approximately $1,797,378.
BIGG, headquartered in Vancouver, British Columbia, owns, operates and invests in crypto businesses that support and enhance a compliant and regulated ecosystem
BLG represented BIGG with a team led by Julie Bogle that included Connor MacLeod.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
