09 February 2021, Canada: Farmers Edge Inc. announced today that it has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada and obtained a receipt therefor in respect of its initial public offering (the “Offering”) of common shares (“Common Shares”). The Offering contemplates a treasury offering of Common Shares by Farmers Edge. The number of Common Shares to be sold and the price per Common Share have not yet been determined.
The Offering is being made through a syndicate of underwriters led by National Bank Financial Inc. and CIBC Capital Markets acting as joint bookrunners, and includes Scotia Capital Inc., Canaccord Genuity Corp. and Raymond James Ltd.
The preliminary prospectus contains important information relating to the Common Shares and is still subject to completion or amendment. Copies of the preliminary prospectus will be available on SEDAR at www.sedar.com. The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or acceptance of an offer to buy these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such jurisdiction.
The Common Shares have not been and will not be registered under the United States Securities Act of 1933, as amended, or the securities laws of any state of the United States and may not be offered or sold within the United States unless an exemption from registration thereunder is available. This press release is not an offer to sell or a solicitation of an offer to buy any Common Shares in the United States.