HealthSpace Data Systems Ltd. Completes $4.6 million Public Offering

February 04, 2022

HealthSpace Data Systems Ltd. (CSE: HS) has completed an overnight marketed public offering of units for gross proceeds of $4.6 million, including the exercise of the agent’s over-allotment option in full, which was completed on February 15, 2022. Echelon Wealth Partners Inc. acted as the sole agent and bookrunner for the offering, which was conducted by way of a supplement to a base shelf prospectus previously filed by HealthSpace.

HealthSpace is a software as a service company serving the state, provincial and local government market across the United States and Canada. HealthSpace's platforms currently provide inspection, information, communication and data management systems that enable government agencies to operate more efficiently.

Wildeboer Dellelce LLP acted for the agents in connection with the offering with a team comprised of Michael Rennie, Carlye Bellavia, Natalie Tershakowec and Emma Weiss (corporate/securities), and Katy Pitch and Marija Tasevska (Tax).