Skylight Health Announces Non-Brokered Private Placement of Convertible Debenture Units
2022年8月8日 - 10:00PM
Skylight Health Group Inc. (NASDAQ:SLHG; TSXV:SLHG) (“Skylight
Health” or the “Company”), a multi-state primary care management
group in the United States, has commenced a non-brokered private
placement offering (the “Offering”) of convertible debenture units
(the “Debenture Units”) at C$1,000 per Debenture Unit for total
gross proceeds of up to C$2 million.
Each Debenture shall be in the principal amount
of C$1,000 and shall bear interest at the rate of 8% per annum,
paid quarterly in shares, and shall have a maturity date of
February 15, 2025. Each Debenture shall be convertible into 1,111
common shares of the Company at C$0.90 (“Common
Shares”). Upon issuance of the Debenture a holder shall
also receive 1,111 share purchase warrants (the
“Warrants”) of the Company. Each Warrant entitles
the holder to purchase one Common Share (a “Warrant
Share”) at a price of C$1.35 per share for a period 24
months from the date of issuance of the Debentures provided that if
after the date that is four months and one day after the issuance
of the Warrants, the Common Shares trade at a price of at least
C$1.60 for 10 consecutive trading days on the Company’s primary
stock exchange, the Company can deliver a notice and accelerate the
expiry date of the Warrants to the date that is 30 days after the
date on which such notice of acceleration is provided. If the
Common Shares trade at C$2.00 for 10 consecutive trading day, the
Company may, at its option, convert the Debenture to shares at the
same conversion terms of C$0.90, upon receipt of a Conversion
Notice.
The proceeds received by the Company from the
Offering will be used for general working capital purposes.
Currently, C$1.5 million of this financing has
been committed to. The closing of the Offering is expected to occur
on or about August 15, 2022 (the “Closing Date”) and is subject to
regulatory approvals, including approval of the applicable Canadian
securities regulatory authorities and the TSXV.
Any expressions of interest can be emailed to
investors@skylighthealthgroup.com
About Skylight Health
Group
Skylight Health Group (NASDAQ:SLHG;TSXV:SLHG) is
a healthcare services and technology company, working to positively
impact patient health outcomes. The Company operates a US
multi-state primary care health network comprised of physical
practices providing a range of services from primary care,
sub-specialty, allied health, and laboratory/diagnostic testing.
The Company is focused on helping small and independent practices
shift from a traditional fee-for-service (FFS) model to value-based
care (VBC) through tools including proprietary technology, data
analytics, and infrastructure. In an FFS model, payors (commercial
and government insurers) reimburse on an encounter-based approach.
This puts a focus on the volume of patients per day. In a VBC
model, the providers offer care that is aimed at keeping patients
healthy and minimizing unnecessary health expenditures that are not
proven to maintain the patient’s well-being. This places an
emphasis on quality over volume. VBC will lead to improved patient
outcomes, reduced cost of delivery and drive stronger financial
performance from existing practices.
Forward Looking Statements
This press release may include predictions,
estimates or other information that might be considered
forward-looking within the meaning of applicable securities laws.
While these forward-looking statements represent our current
judgments, they are subject to risks and uncertainties that could
cause actual results to differ materially. You are cautioned not to
place undue reliance on these forward-looking statements, which
reflect our opinions only as of the date of this release. Please
keep in mind that we are not obligating ourselves to revise or
publicly release the results of any revision to these
forward-looking statements in light of new information or future
events. When used herein, words such as "look forward," "believe,"
"continue," "building," or variations of such words and similar
expressions are intended to identify forward-looking statements.
Factors that could cause actual results to differ materially from
those contemplated in any forward-looking statements made by us
herein are often discussed in filings we make with the Canadian and
United States securities regulators, including the Securities and
Exchange Commission, available at: www.sec.gov, and Canadian
Securities Administrators, available at www.sedar.com, and on
our website, at skylighthealthgroup.com.
For more information, please visit our website or contact:
Investor Relations: Jackie Kelly
investors@skylighthealthgroup.com 416-301-2949
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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