Legend Power Systems Inc. Completes $10.3 Million Upsized Bought Deal Offering

June 15, 2021

Legend Power Systems Inc. (TSX-V: LPS; OTCQB: LPSIF) completed a bought deal prospectus offering of 13,700,000 units, which included the exercise of the Underwriters’ over-allotment option, for proceeds of $10,275,000. Legend Power Systems Inc. provides an intelligent energy management platform that analyzes and improves building energy challenges, significantly impacting asset management and corporate performance.

The offering was completed by a syndicate of underwriters led by Stifel GMP, as sole bookrunner and lead underwriter and included Cormark Securities Inc. and Desjardins Securities Inc. (the “Underwriters”).

Wildeboer Dellelce LLP acted for the Underwriters in connection with the offering with a team comprised of Jeff Hergott, Carlye Bellavia, Nathan Holloway and Ana Savic (corporate/securities) and Katy Pitch and Marija Tasevska (tax).