Roosevelt Capital Group Inc. and Cloud DX, Inc. Close Final Tranche of Private PlacementMarch 29, 2021
Roosevelt Capital Group Inc. (“Roosevelt”) (TSXV: ROSV) a capital pool company, and Cloud DX, Inc. ("Cloud DX"), a leading provider of virtual care and remote patient monitoring solutions, closed the second and final tranche of an upsized private placement of subscription receipts (“Subscription Receipts”) of 12632926 Canada Ltd., an affiliate of Cloud DX ("Cloud FinCo"), for combined aggregate gross proceeds of $6,095,000 (the “Private Placement”). The Private Placement was completed in connection with the proposed reverse take-over (the “RTO”) to be completed among Roosevelt, Cloud DX and Cloud FinCo.
The Private Placement was conducted by a syndicate of agents co-led by Haywood Securities Inc. and Echelon Wealth Partners Inc., and included INFOR Financial Inc. and Mackie Research Capital Corp.
Wildeboer Dellelce LLP acted for the agents in connection with the Private Placement with a team comprised of Charlie Malone, Carlye Bellavia, Jessica Sorbara and Nick Robelek (corporate/securities).
Haywood Securities Inc.
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