Nowvertical Group Inc (C:NOW)

Shares Issued 22,720,395
Last Close 12/13/2021 $0.94
Monday December 13 2021 - Prospectus Approved

Effective Dec. 7, 2021, Nowvertical Group Inc.'s short form prospectus dated Dec. 7, 2021, qualifying the distribution of up to 9,473,700 units at a price of 95 cents per unit, excluding the underwriter's overallotment option, was filed with and accepted by the TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission as principal regulator. Under Multilateral Instrument 11-102, Passport System, the prospectus is deemed to have been filed with all of the provinces and territories of Canada, except Quebec.

The exchange has been advised that the closing of the offering will occur on Dec. 15, 2021, for gross proceeds of $10,350,018 (including the underwriter's overallotment option, exercised in full).

Offering:10,894,756 units (Each unit will consist of one Class A subordinate voting share and one-half of one subordinate voting share purchase warrant, with each whole warrant being exercisable into one subordinate voting share at an exercise price of $1.25 per share for a period of 24 months following the closing date of the offering.) Offering price:95 cents per unit Underwriter:Echelon Wealth Partners Inc. Underwriter's commission:an aggregate of $724,501 in cash and 762,632 non-transferrable broker warrants (Each broker warrant will entitle the holder to acquire one unit at an exercise price of 95 cents for a period of 24 months following the closing date of the offering.)

Listing of warrants

Effective at the opening on Wednesday, Dec. 15, 2021, the subordinate voting share purchase warrants of the company will commence trading on the TSX Venture Exchange, subject to the confirmation of closing. The company is classified as a data processing services company.

Corporate jurisdiction:Ontario Capitalization:up to 5,828,694 subordinate voting share purchase warrants created and authorized, of which 5,447,378 will be issued and outstanding Transfer agent:TSX Trust Company Trading symbol:NOW.WT Cusip No.:67013H 11 4

These warrants will be issued under a warrant indenture to be executed on Dec. 15, 2021, pursuant to the company's short form prospectus dated Dec. 7, 2021. Each warrant will entitle the holder to acquire one subordinate voting share of the company at a price of $1.25 until Dec. 15, 2023.

For further details, please refer to the company's short form prospectus dated Dec. 7, 2021, and news releases dated Nov. 10, 2021, and Nov. 11, 2021. The company will issue a press release on closing.

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