DLA Piper Canada represented the underwriters in offering of common shares for Converge Technology Solutions
On January 15, 2021, Converge Technology Solutions Corp. ("Converge") (TSXV: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announced the closing of an offering of common shares for $86.4 million. DLA Piper Canada acted as Canadian counsel to the underwriters in connection with the offering.
Canaccord Genuity Corp. and Echelon Wealth Partners Inc. led the syndicate of underwriters for the offering, which included Desjardins Capital Markets, Eight Capital, Raymond James Ltd., Laurentian Bank Securities Inc., Paradigm Capital Inc. and Scotiabank. The offering was conducted in each of the provinces of Canada by way of a prospectus supplement dated January 7, 2021 to Converge's short form base shelf prospectus dated July 8, 2019 and elsewhere on a private placement basis.
Converge Technology Solutions Corp. is a North American software-enabled, Hybrid IT solution provider with regional sales and services organizations delivering advanced analytics, cloud, cybersecurity, and managed services offerings to clients across various industries.
The DLA Piper Canada deal team on this transaction was led by Derek Sigel and Robert Fonn and included Catherine Kay, Mitchell Smith, Lauren Storwick and Kevin Fritz (tax).