/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE
SERVICES OR DISSEMINATION IN THE UNITED
STATES./
MONTRÉAL, April 15, 2021 /CNW
Telbec/ - Dialogue Health Technologies Inc. ("Dialogue"
or the "Company") announced today that further to its
recently completed initial public offering (the "Offering")
pursuant to which it sold an aggregate of 8,334,000 common shares
of the Company at a price of $12.00
per share (the "Offering Price"), for total gross proceeds
of approximately $100 million, the
over-allotment option granted by certain shareholders of the
Company (the "Selling Shareholders") to the underwriters to
purchase up to an additional 1,250,100 Common Shares at the
Offering Price has been exercised in full. The Selling Shareholders
will receive aggregate gross proceeds of approximately $15 million in connection with this secondary
offering of Common Shares (the "Secondary Offering").
Dialogue will not receive any proceeds from the Secondary
Offering.
The Common Shares have been trading on the Toronto Stock
Exchange under the symbol "CARE" since March
30, 2021.
The Offering and the Secondary Offering were 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 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.
Forward-Looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events. Forward-looking information is necessarily based on a
number of opinions, estimates and assumptions that the Company
considered appropriate and reasonable as of the date such
statements are made, and is subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, performance or achievements to be materially
different from those expressed or implied by such forward-looking
information, including, but not limited to, the risk factors
identified under "Risk Factors" in the Company's final prospectus
dated March 23, 2021, and in other
filings that the Company has made and may make in the future with
applicable securities authorities, all of which are available under
the Company's SEDAR profile at www.sedar.com. If any of these risks
or uncertainties materialize, or if the opinions, estimates or
assumptions underlying the forward-looking information prove
incorrect, actual results or future events might vary materially
from those anticipated in the forward-looking information. There
can be no assurance that such information will prove to be
accurate, as actual results and future events could differ
materially from those anticipated in such information. No
forward-looking information is a guarantee of future results.
Accordingly, you should not place undue reliance on forward-looking
information, which speaks only as of the date made. The Company
disclaims any intention or obligation or undertaking to update or
revise any forward-looking information whether as a result of new
information, future events or otherwise, except as required under
applicable securities laws. All of the forward-looking information
contained in this news release is expressly qualified by the
foregoing cautionary statements.
SOURCE Dialogue Health Technologies Inc.