Transactions

Overview

HealthSpace Data Systems Completes $6.5 Million Private Placement

December 08, 2020

HealthSpace Data Systems Ltd. (CSE:HS) has completed an oversubscribed private placement of units for aggregate gross proceeds of approximately $6.5 million. The offering was co-led by Echelon Wealth Partners Inc. and Cormark Securities Inc.

HealthSpace is a Software as a Service (SaaS) company focused on providing efficiencies to state and local government agencies through its enterprise cloud and mobile platform. Over the last decade, HealthSpace has successfully developed both cloud and mobile applications currently serving over 500 state and local government organizations across North America. Further, HealthSpace now delivers its government grade technologies to private businesses enabling them to gain visibility and predictability into their own organizations and move from a reactive to a proactive operational status. HealthSpace continues to deliver focused service and innovative solutions to government organizations, while expanding into commercial enterprise verticals to enable new customers with proactive environmental health best practices and policies. HealthSpace has also now entered into the FinTech space by creating a payment platform that streamlines the intake of government revenue for the agencies it serves.

Wildeboer Dellelce LLP acted for the agents in connection with the private placement with a team that consisted of Michael Rennie, Carlye Bellavia, Joel Fraser and Nickolas Robelek (corporate/securities).