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LifeSpeak Inc. Files Amended and Restated Preliminary Prospectus

·3 min read

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRES

TORONTO, Jun 16, 2021--(BUSINESS WIRE)--LifeSpeak Inc. ("LifeSpeak" or the "Company") today announced that it has filed with the securities regulatory authorities in each of the provinces and territories of Canada, an amended and restated preliminary prospectus (the "Amended and Restated Preliminary Prospectus"), which amends and restates the preliminary prospectus filed by the Company on June 14, 2021 in connection with its initial public offering of common shares (the "Offering").

As disclosed in the Amended and Restated Preliminary Prospectus, the Offering consists of a treasury offering, and a secondary offering by certain shareholders of the Company (the "Selling Shareholders"), of common shares, which are anticipated to be offered at a price per share between $9.00 and $12.00 per common share, for aggregate gross proceeds of approximately $125 million. The size of the treasury offering is expected to be approximately $90 million and the size of the secondary offering is expected to be approximately $35 million.

The Offering is being made through a syndicate of underwriters led by RBC Capital Markets, Canaccord Genuity Corp. and Scotiabank, as joint bookrunners, and including CIBC Capital Markets, TD Securities Inc., Roth Canada, ULC, Desjardins Securities Inc. and Stifel GMP.

The Amended and Restated Preliminary Prospectus contains important information relating to LifeSpeak, the common shares and the Offering and is still subject to completion or amendment. Copies of the Amended and Restated Preliminary Prospectus are available on SEDAR at www.sedar.com. There will not be any sale or any acceptance of an offer to buy the common shares until a receipt for the final prospectus has been issued.

No securities regulatory authority has either approved or disapproved the contents of this news release. This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities of LifeSpeak in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered, sold or delivered, directly or indirectly, in the United States (as defined in Regulation S under the U.S. Securities Act). Accordingly, the securities may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to exemptions from the registration requirements of the U.S. Securities Act and applicable state securities laws.

About LifeSpeak

LifeSpeak is a leading software-as-a-service provider of digital mental health and total wellbeing education for mid- and enterprise-sized organizations committed to taking care of their employees and customers. With 17+ years of experience creating and curating thousands of expert-led micro-learning videos and other digital content, LifeSpeak’s proprietary library’s depth and breadth of easily consumable content helps companies around the world support their people anytime and anywhere. LifeSpeak serves a diverse global client base across many industries and sectors, including Fortune 500 companies, government agencies, insurance providers and other health technology firms. For more information, visit www.LifeSpeak.com.

Forward-Looking Information

This news release may contain forward-looking statements which reflect management’s current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. LifeSpeak disclaims any obligation to update these forward-looking statements except as required under applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005951/en/

Contacts

Michael McKenna
mikemckenna@lifespeak.com
Chief Financial Officer & Secretary
LifeSpeak Inc.