01:46 PM EDT, 04/11/2024 (MT Newswires) -- Vitalhub ( VHIBF ) said Thursday it raised gross proceeds of C$40.25 million from a bought-deal share offering.

The company said it sold a total 6.71-million common shares at priced at C$6.00, including the full exercise of the underwriters' over-allotment option.

The company intends to use the proceeds for its growth initiative, which is focused on the purchase of third-party enterprises in the healthcare industry that provide synergistic opportunities for the company.

Vitalhub ( VHIBF ) shares were last seen down C$0.04 to C$6.08 on the Toronto Stock Exchange.

Price: 6.08, Change: -0.04, Percent Change: -0.65