AD4 CAPITAL CORP. Announces Completion of Initial Public Offering
Vancouver, British Columbia – TheNewswire - June 29, 2022 – AD4 Capital Corp. (the "Company")(TSXV:ADJ.P) is pleased to announce that on June 29, 2022, it successfully completed its initial public offering ("IPO") by way of prospectus dated April 22, 2022 through its agent, Leede Jones Gable Inc. ("The Agent"), of 5,000,000 common shares in its capital (each an "Offered Share") at a price of $0.10 per share, for aggregate gross proceeds of $500,000.
The Agent received a cash commission equal to 7% of the gross proceeds of the IPO and a corporate finance fee of $15,000. Additionally, the Company granted the Agent compensation options (the "Agent's Options") entitling the holder to purchase in aggregate 350,000 common shares in the capital of the Company at a price of $0.10 per share, exercisable on or before June 28, 2024. As disclosed in its prospectus, the Company also announces that, in conjunction with the completion of its IPO, it has granted incentive stock options to its directors and officers, entitling them to purchase up to a total of 1,550,000 common shares at a price of $0.10 per share for a period of up to 5 years.
The TSX Venture Exchange ("TSXV") has accepted the Company's listing application as of June 24, 2022 and the Offered Shares are expected to begin trading on the TSXV on or about July 5, 2022 under the symbol "ADJ.P". The Offered Shares, as well as the Agent's Options, were qualified for distribution pursuant to the Company's prospectus dated April 22, 2022, and filed in the provinces of British Columbia, and Alberta.
The offered 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 applicable state securities laws and may not be offered or sold in the United States or to "U.S. persons", as such term is defined in Regulation S under the U.S. Securities Act, absent such registration or an applicable exemption from such registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy the offered securities in any jurisdiction.
About AD4 Capital Corp.
The Company's principal business is the identification and evaluation of assets or businesses, with a view to completing a Qualifying Transaction.
For more information, please refer to the Company's prospectus dated April 25, 2022 available on SEDAR (www.sedar.com).
On Behalf of the Board of Directors
Alfredo De Lucrezia
Chief Executive Officer, President and Director
For further information concerning AD4 Capital Corp., please contact Alfredo De Lucrezia at:
AD4 Capital Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the final prospectus, completion of the offering and listing the Company's common shares on the TSX Venture Exchange. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, use of proceeds from the financing, capital expenditures and other costs, and financing and additional capital requirements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update any of the forward-looking statements in this presentation or incorporated by reference herein, except as otherwise required by law.
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