Vancouver-based Thinkific Labs has filed a preliminary prospectus for an initial public offering of subordinate voting shares on the Toronto Stock Exchange. The number of shares to be sold and the pricing has not yet been determined. Thinkific, a software platform for creating and selling online courses, last year raised C$22 million in financing led by Rhino Ventures.
VANCOUVER, BC, March 23, 2021 /CNW/ – Thinkific Labs Inc. (“Thinkific”) today announced that it has filed with the securities regulatory authorities in each of the provinces and territories of Canada, and received receipt for, a preliminary prospectus for a proposed initial public offering of subordinate voting shares (the “Offering”). The number of subordinate voting shares to be sold and the price per subordinate voting shares have not yet been determined.
The Offering is being underwritten by a syndicate of underwriters led by BMO Capital Markets and CIBC Capital Markets as joint bookrunners for the Offering.
The preliminary prospectus contains important information relating to the Offering and is still subject to completion or amendment. The preliminary prospectus is available on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the subordinate voting shares until a receipt for the final prospectus has been issued.
Thinkific has applied to list its subordinate voting shares on the Toronto Stock Exchange (“TSX”) under the symbol “THNC”. Listing is subject to the approval of the TSX in accordance with its original listing requirements. The TSX has not conditionally approved the Company’s listing application.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The subordinate voting shares 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. Accordingly, the subordinate voting shares 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities of Thinkific in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Thinkific is a leading cloud-based software platform that enables entrepreneurs and established businesses to create, market and sell online courses. Course creators can easily build and launch customized learning products for their audiences under their own brand, with no advanced technical expertise required. The platform is designed to create transformative learning experiences for students, and drive sustainable revenue for businesses through enterprise-grade functionality and extensibility for growth.