On July 7, 2021, WeCommerce Holdings Ltd. (TSXV:WE) (“WeCommerce”) announced the closing of its bought deal financing. WeCommerce issued a total of 2,810,000 class A common shares (the “Shares”) at a price of $12.00 per Share (the “Offering Price”), which included 310,000 Shares issued pursuant to the partial exercise of the over-allotment option, for gross proceeds of approximately $33.7 million. The Shares were offered on a bought deal basis by a syndicate of underwriters led by TD Securities Inc. and Canaccord Genuity Corp. (the “Lead Underwriters”) and Raymond James Ltd. and Stifel Nicolaus Canada Inc. (together with the Lead Underwriters, the “Underwriters”).
WeCommerce is a holding company that owns a family of companies and brands in the Shopify partner ecosystem, including Pixel Union, Out of the Sandbox, Yopify, SuppleApps, Rehash, Foursixty and Stamped.
Miller Thomson advised the Underwriters in the financing with a team led by Dwight Dee (Capital Markets & Securities) and comprised of Elizabeth Holden and Boris Degas (Capital Markets & Securities); Anita Fung (Intellectual Property); and Baljinder Bains and Michelle Eng (Students).
