Gatekeeper Announces $10 Million Bought Deal Private Placement

Key Takeaways:

• Gatekeeper Systems announced a $10 million bought deal private placement.
• The company is issuing 8,335,000 common shares at $1.20 per share.
• Canaccord Genuity Corp. is acting as lead underwriter and sole bookrunner.
• Proceeds will be used for working capital and general corporate purposes.
• The offering relies on exemptions from prospectus requirements in Canada and the U.S.

Gatekeeper Systems Embarks on $10 Million Funding Initiative

A Strategic Move in Public Transportation Technology

Gatekeeper Systems Inc., a leading provider of video and data solutions for public transportation and smart cities, has announced a significant financial development. The company has secured a $10 million bought deal private placement, marking a pivotal step in its mission to enhance technologies within the transportation sector.

Details of the Private Placement

In an agreement with Canaccord Genuity Corp., acting as lead underwriter and sole bookrunner, Gatekeeper will issue 8,335,000 common shares at a price of $1.20 per share. This strategic move results in aggregate gross proceeds of $10,002,000.

“The Company has launched a ‘bought deal’ private placement of 8,335,000 common shares… for aggregate gross proceeds of $10,002,000,” the announcement stated, highlighting the scale of the investment.

Partnership with Canaccord Genuity Corp.

Canaccord Genuity Corp.’s role as the lead underwriter and sole bookrunner underscores the confidence in Gatekeeper’s growth potential. Their involvement brings significant expertise and resources to the table, potentially amplifying the impact of the private placement.

Utilization of Proceeds

Gatekeeper intends to channel the net proceeds towards working capital and general corporate purposes. This infusion of capital is expected to support the company’s ongoing projects and initiatives, further solidifying its position in the market.

Regulatory Compliance and Offering Details

The offering will be completed on a private placement basis, relying on exemptions from prospectus requirements under Part 5A.2 of National Instrument 45-106 – Prospectus Exemptions. This approach allows the company to efficiently raise capital while adhering to regulatory guidelines in Canada and the United States.

Access to the Offering Document

Investors and interested parties can access the Offering Document under the company’s profile on SEDAR+ at www.sedarplus.ca and on the company’s website. This transparency ensures that stakeholders are well-informed about the details of the offering.

Looking Ahead

This substantial investment signifies Gatekeeper Systems’ commitment to advancing technology in public transportation and smart cities. The company continues to position itself as a key player in the industry, leveraging new capital to drive innovation and growth.