Docebo Announces Closing of Over-Allotment Option Granted by Selling Shareholders



TORONTO--(BUSINESS WIRE)-- Docebo Inc. ("Docebo" or the "Company") (TSX: DCBO) today announced that, in connection with the bought deal offering completed on August 27, 2020 by Docebo and certain selling shareholders (the “Offering”), the over-allotment option granted to the underwriters by Intercap Equity Inc. and Intercap Financial Inc. (together, “Intercap”), to purchase an additional 225,000 common shares at a price of $50.00 per share, was exercised in full for additional gross proceeds to Intercap of C$11.25 million. Docebo did not receive any proceeds from the exercise of the over-allotment option.

Following the exercise of the over-allotment option, Intercap now holds an aggregate of 16,708,674 common shares of the Company, representing approximately 58.4% of the issued and outstanding common shares.

The underwriting syndicate was co-led by Canaccord Genuity Corp., TD Securities Inc., Morgan Stanley Canada Limited and Goldman Sachs Canada Inc., and included Scotia Capital Inc., National Bank Financial Inc., CIBC World Markets Inc., Cormark Securities Inc. and Eight Capital.

The common shares were offered (i) in Canada by way of a short-form prospectus and (ii) in the United States by way of private placement to Qualified Institutional Buyers pursuant to the exemption from registration provided by Rule 144A under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and corresponding exemptions from registration under state securities laws.

No securities regulatory authority has either approved or disapproved the contents of this press release. The common shares of the Company have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws. Accordingly, the common shares 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. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the common shares in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Docebo

Docebo is redefining the way enterprises learn by applying new technologies to the traditional corporate learning management system market. Docebo provides an easy-to-use, highly configurable learning platform with the end-to-end capabilities designed to make customers, partners, and employees love their learning experience.

Dennis Fong, Investor Relations
(416) 283-9930

Source: Docebo Inc.

Multimedia Files:

View all news