skip to main content

We have been advised that fraudulent emails and faxes regarding unclaimed insurance money have been received by members of the public from a source claiming to be Aird & Berlis LLP. These communications are not from Aird & Berlis LLP. Disregard them and do not engage with the sender in any way. Please report the attempted fraud by contacting the Canadian Anti-Fraud Centre.





Students | Join Us | Login |
Back to all Representative Matters
Jan 18, 2018

Spectra7 Microsystems Inc. Completes $15.3 Million Bought Deal Offering

Richard M. Kimel, Sherri M. Altshuler, Anne E. Miatello, Liam Tracey-Raymont, Amy Marcen-Gaudaur and Barbara Worndl

Spectra7 Microsystems Inc. (“Spectra7”) (TSX: SEV), a leading provider of high-performance analog semiconductor products for broadband connectivity markets, recently completed a $15.3 million bought deal public offering of units.

On January 9, 2018, Spectra7 completed its previously announced offering of 15,315 units (inclusive of 315 units issued pursuant to the partial exercise of the underwriter’s over-allotment option) at a price of $1,000 per unit for gross proceeds of $15.3 million. Each unit issued pursuant to the offering consisted of one 7% senior unsecured convertible debenture of Spectra7 in the principal amount of $1,000 (each, a “Debenture”) and 1,425 common share purchase warrants (each, a “Warrant”). The principal amount of each Debenture is convertible into common shares of Spectra7 at the option of the holder at any time prior to the close of business on the last business day immediately preceding January 9, 2021 at a conversion price of $0.35 per common share, subject to adjustment upon certain customary events. Each Warrant entitles the holder thereof to acquire one common share of Spectra7 at an exercise price of $0.50 per common share until January 9, 2021, subject to adjustment upon certain customary events.

Spectra7 intends to use the net proceeds from this offering for the repayment of all secured indebtedness of Spectra7 and working capital to drive existing business, to develop blockchain data centres, and AR/VR solutions.

Aird & Berlis represented Spectra7 with a team comprised of Richard Kimel, Sherri Altshuler, Anne Miatello, Chris Berrigan, Liam Tracey-Raymont, Amy Marcen-Gaudaur (Capital Markets) and Barbara Worndl (Tax). 

Related Representative Matters

Representative Matters
Fluent, Inc. Completes Acquisition of AdParlor Holdings, Inc. Peter K. Czegledy, Francesco Gucciardo, Barbra H. Miller, Sam Billard, Ken Clark, John J. Longo, Stephen Zolf and Saam Nainifard Jul 03, 2019 Fluent, Inc. (“Fluent”), a leading data-driven performance marketing company, signed a definitive agreement to acquire AdParlor Holdings, Inc. ("AdParlor") and its group of companies.
Representative Matters
Microsoft Reaches Settlement as Part of Nortel Networks Global Settlement Peter K. Czegledy and Harry M. Fogul Feb 22, 2018 Microsoft Corporation reached a significant settlement with Nortel Networks Corporation after insolvency proceedings, which took over nine years. The Nortel proceedings, which involved the largest insolvency in Canadian history, included a joint trial held before the Ontario Court of Appeal and D...
Representative Matters
Baylin Technologies Inc. Completes Acquisition of Radio Frequency and Microwave Divisions of Advantech Wireless Inc. Richard M. Kimel, Sean Mason, Amy Marcen-Gaudaur, Matthew V. Liberatore, Aaron T. Collins, Kyle B. Plunkett, R. Grant Cansfield, Fiona Brown and Sean Green Jan 18, 2018 Baylin Technologies Inc., a leading global wireless technology company with over 39 years of experience in designing, producing and supplying innovative antennas, recently completed an acquisition of assets from the radio frequency and microwave divisions of Advantech Wireless Inc. and certain of...