VANCOUVER, BC, Oct. 13, 2021 /CNW/ - Thinkific Labs Inc.
("Thinkific" or the "Company") (TSX: THNC), a leading platform for
creating, marketing, and selling online courses and other
learning products, has filed a preliminary and final short
form base shelf prospectus with the securities regulatory
authorities in each of the provinces and territories of
Canada.
The shelf prospectus will, subject to securities regulatory
requirements, provide for the potential offering in Canada of up to an aggregate of C$300 million of Thinkific's subordinate voting
shares, preferred shares, debt securities, warrants, subscription
receipts and units from time to time over a 25-month period after
applicable Canadian securities regulatory authorities have issued a
receipt for the final short form base shelf prospectus.
The shelf prospectus is intended to give Thinkific the
flexibility to take advantage of financing opportunities at its
discretion and when market conditions are favourable. The terms of
such future offerings, if any, will be established at the time of
such offerings. At the time any of the securities covered by the
shelf prospectus are offered for sale, a prospectus supplement
containing specific information about the terms of any such
offering will be filed with applicable Canadian securities
regulatory authorities.
About Thinkific
Thinkific (TSX:THNC) makes it simple
for entrepreneurs and established businesses of any size to scale
and generate revenue by teaching what they know. Our platform gives
businesses everything they need to build, market, and sell online
courses and other learning products, and to run their business
seamlessly under their own brand, on their own site. In 2020 alone,
Thinkific's 50,000 active course creators earned hundreds of
millions of dollars in direct course sales while teaching tens of
millions of students. Thinkific is headquartered in Vancouver, Canada, with a distributed and
growing team.
This news release includes forward-looking statements and
forward–looking information within the meaning of applicable
securities laws ("forward-looking statements"). Often, but not
always, forward–looking information can be identified by the use of
words such as "plans", "is expected", "expects", "scheduled",
"intends", "contemplates", "anticipates", "believes", "proposes" or
variations (including negative and grammatical variations) of such
words and phrases, or state that certain actions, events or results
"may", "could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements in this news release include
statements regarding the Company's potential plans for future
offerings and the benefits of any such future offerings. Such
statements and information are based on the current expectations of
Thinkific's management, and are based on assumptions and subject to
risks and uncertainties. Although Thinkific's management believes
that the assumptions underlying these statements and information
are reasonable, they may prove to be incorrect. Except as required
by applicable securities laws, forward–looking statements and
information speak only as of the date on which they are made and
Thinkific undertakes no obligation to publicly update or revise any
forward–looking statement or information, whether as a result of
new information, future events or otherwise.
For more information, please visit www.thinkific.com.
SOURCE Thinkific Labs Inc.