TORONTO, Dec. 7, 2021 /CNW/ - LifeSpeak Inc. ("LifeSpeak"
or the "Company") (TSX: LSPK), the mental health and total
wellbeing platform for employee and customer-focused organizations,
announced today that it has filed and obtained a receipt for a
preliminary short form base shelf prospectus with the securities
regulatory authorities in each of the provinces and territories of
Canada.
Upon a final short form base shelf prospectus (the "Prospectus")
becoming effective, these filings, subject to securities regulatory
requirements, will allow the Company and certain of its
securityholders to qualify the distribution of up to C$450,000,000 of common shares, preferred
shares, debt securities, warrants, subscription receipts, and
units, or any combination thereof (collectively, the "Securities")
during the 25-month period that the Prospectus is effective, in
amounts, at prices and on terms based on market conditions at the
time of any offering, and set forth in an accompanying shelf
prospectus supplement ("Prospectus Supplement").
The filing of a Prospectus is intended to provide the Company
with financing flexibility. Each Prospectus Supplement will contain
specific information concerning, among other matters, the
Securities to be issued and the use of proceeds from any such
issuance. There is no certainty that any Securities will be offered
or sold under the Prospectus and any Prospectus Supplement within
the 25-month period that it is effective.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any Securities in the United States or to, or for the account or
benefit of, U.S. persons. The Securities referred to in this press
release may not be offered or sold in the
United States absent registration or an applicable exemption
from registration. A copy of the preliminary short form base shelf
prospectus can be found the Company's profile on SEDAR at
www.sedar.com.
About LifeSpeak Inc.
LifeSpeak is a leading software-as-a-service provider of a
platform for mental health and total wellbeing education for
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. LifeSpeak is the parent company
of Lift Digital Inc. ("LIFT" or "LIFT session) and ALAViDA Health
Ltd. ("ALAViDA"). To learn more, follow LifeSpeak on LinkedIn
(http://www.linkedin.com/company/lifespeak-inc), or visit
www.LifeSpeak.com.
Forward-Looking Information
This press release includes "forward-looking information" within
the meaning of applicable securities laws. Such forward-looking
information includes, but is not limited to, information with
respect to Securities that LifeSpeak or a selling securityholder
may distribute in the future, the filing of the Prospectus and the
filing and contents of any Prospectus Supplement.
In some cases, but not necessarily in all cases,
forward-looking information can be identified by the use of
forward-looking terminology and phrases such as "forecast",
"target", "goal", "may", "might", "will", "could", "expect",
"anticipate", "estimate", "intend", "plan", "indicate", "seek",
"believe", "predict", or "likely", or the negative of these terms,
or other similar expressions intended to identify forward-looking
information, including references to assumptions. In addition, any
statements that refer to expectations, intentions, projections or
other characterizations of future events or circumstances contain
forward-looking information. Statements containing forward-looking
information are not historical facts nor guarantees or assurances
of future performance but instead represent management's current
beliefs, expectations, estimates and projections regarding possible
future events, circumstances or performance.
Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered
reasonable by LifeSpeak as of the date of this release, is subject
to known and unknown risks, uncertainties, assumptions and other
factors that may cause the actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information. Important
factors that could cause actual results to differ, possibly
materially, from those indicated by the forward-looking information
include, but are not limited to, the risk factors identified under
"Risk Factors" in the Company's prospectus dated June 28, 2021 (the "IPO Prospectus"), and in
other periodic filings that the Company has made and may make in
the future with the securities commissions or similar regulatory
authorities in Canada, all of
which are available under the Company's SEDAR profile at
www.sedar.com. These factors are not intended to represent a
complete list of the factors that could affect LifeSpeak. However,
such risk factors should be considered carefully. There can be no
assurance that such estimates and assumptions will prove to be
correct. You should not place undue reliance on forward-looking
information, which speak only as of the date of this release.
LifeSpeak undertakes no obligation to publicly update any
forward-looking information, except as required by applicable
securities laws.
SOURCE LifeSpeak Inc.