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Nov 30, 2017
Baylin Technologies Inc. Completes $19.8 Million Bought Deal Offering
Baylin Technologies Inc. (“Baylin”), a leading global wireless technology company with over 39 years of experience in designing, producing and supplying innovative antennas, completed a $19.8 million bought deal public offering of common shares.
On November 28, 2017, Baylin completed its offering of 8,441,490 common shares (inclusive of 1,101,064 common shares issued pursuant to the exercise in full of the underwriters’ over-allotment option) at a price of $2.35 per common share. The offering was completed by way of a prospectus supplement to a short form base shelf prospectus and was underwritten by Raymond James Ltd. and Paradigm Capital Inc.
Aird & Berlis represented Baylin with a team comprised of Richard Kimel, Sherri Altshuler, Chris Berrigan and Amy Marcen-Gaudaur (Capital Markets), and Francesco Gucciardo (Tax).