TORONTO--(BUSINESS WIRE)--On July 6, 2021, following the closing of LifeSpeak Inc’s (“LifeSpeak” or the “Company”) initial public offering and secondary offering (the “Offering”) and the completion of the Pre-Closing Capital Changes (as such term is defined in the Company’s final prospectus dated June 28, 2021 (the “Prospectus”)), Michael Held, the President, Chief Executive Officer and Director of LifeSpeak, has ownership or control over 9,298,215 common shares of the Company (the “Common Shares”) (comprised of 1,018,041 Common Shares held directly and control over 8,280,174 Common Shares held by Grasshopper Holdings LP, Michael Held Family Trust and Krista Mussell, together, the “Held Group”) and Round 13 Growth L.P. has ownership and control over 5,276,248 Common Shares held by Round 13 Growth 2020 L.P. (“Round 13” and together with the Held Group, hereafter referred to as the “Principal Shareholders”).
Immediately following the Pre-Closing Capital Changes but before giving effect to the Offering, the Held Group had ownership or control over 10,242,504 Common Shares and Round 13 had ownership and control over 5,812,084 Common Shares, representing 26.5% and 15.1% of the then issued and outstanding Common Shares, respectively.
Following the Offering, the Held Group has control over 9,298,215 Common Shares and Round 13 has control over 5,276,248 Common Shares, representing 19.5% and 11.1% of the currently issued and outstanding Common Shares, respectively.
None of the Principal Shareholders or their related entities currently have any plans or future intentions which relate to or would result in any of the events, transactions or circumstances enumerated in paragraphs 5(a) - (k) in the early warning reports filed in connection with this press release (the “Early Warning Reports”).
The Common Shares held by the Principal Shareholders were acquired as part of the Pre-Closing Capital Changes and are held for investment purposes. In accordance with applicable securities laws, the Principal Shareholders or the their related entities may, from time to time and at any time, acquire additional Common Shares and/or other equity, debt or other securities or instruments (collectively, “Securities”) of LifeSpeak in the open market or otherwise, and Principal Shareholders or the their related entities reserve the right to dispose of any or all of its Securities in the open market or otherwise at any time and from time to time, and to engage in similar transactions with respect to the Securities, the whole depending on market conditions, the business and prospects of LifeSpeak and other relevant factors.
The head office address of LifeSpeak is 49 Wellington Street East, Suite 301, Toronto, Ontario M5E 1C9. The address of Round 13 is 100 Broadview Avenue, Suite 300, Toronto, Ontario M4M 3H3.
For further information please refer to the Early Warning Reports to be posted on LifeSpeak’s SEDAR profile at www.sedar.com.