DLA Piper Canada acted for underwriters on US$69 million public offering of common shares of ‎Absolute Software and concurrent initial listing on the Nasdaq

On October 30, 2020, Absolute Software Corporation (“Absolute”), announced that it had closed a public offering of common shares in the United States and Canada. DLA Piper Canada acted as legal advisors for Needham & Company, Canaccord Genuity and Raymond James, the Underwriters in this transaction.

The Common Shares commenced trading on the Nasdaq Global Select Market and the Toronto Stock Exchange under the symbol “ABST”. The Underwriters have agreed to purchase ‎6,272,727 ‎common shares for aggregate gross proceeds to Absolute of approximately US$69 million.

Absolute is a leader in Endpoint Resilience solutions and the industry’s only undeletable defense platform embedded in over a half-billion devices.