04:45 PM EST, 12/17/2024 (MT Newswires) -- Vitalhub ( VHIBF ) after close of trading Tuesday said it is raising $30 million in a bought deal share offering

The healthcare-software company is selling an underwriting syndicate 2.75-million shares priced at $10.90 each. It also granted the underwriters an over-allotment option of 412,845 shares.

Proceeds will be used for growth initiatives, including future acquisitions, working capital, and general corporate purposes.

Vitalhub ( VHIBF ) shares closed down $0.02 to $11.67 on the Toronto Stock Exchange.