Apr 2024
Conyers acted as Cayman Islands legal counsel for Canaccord Genuity Corp. (Canaccord) as lead underwriter in a bought deal financed offering valued at C$169,400,000 (approximately US$125 million equivalent) with digital asset and blockchain leader Galaxy Digital Holdings Ltd. (Galaxy) (TSE:GLXY), as issuer. Canaccord acted as lead underwriter to the offering on behalf of a syndicate of underwriters which included Jefferies Securities Inc. and Stifel Nicolaus Canada Inc.
Pursuant to the offering, Galaxy issued a total of 12,100,000 ordinary shares on a bought deal basis at an offer price of C$14.00 per Ordinary Share, with the option to purchase a further 1,815,000 ordinary shares at the offer price.
Conyers Partner Cora Miller and Associate Rebecca Peck advised Canaccord alongside Stikeman Elliott LLP as Canadian counsel to the underwriters and Goodwin Procter LLP as US counsel to the underwriters.