NowVertical Group Inc.Announces Closing of Additional Unit Public Offering Including Full Exercise of Over-Allotment Option for Proceeds of C $ 10.35M

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TORONTO, December 15, 2021 / CNW / – NowVertical Group Inc. (TSXV: NOW) (“NOW“or the”Society“) is pleased to announce the closing of its previously announced public offering (the”Offer“) of 10,894,756 shares of the Company (the”Units“) at the price of $ 0.95 per Share for gross proceeds of CA $ 10,350,018. This amount includes the gross proceeds of the full exercise of the over-allotment option granted to the Agent (as defined below) to purchase 1,421,056 additional units of the Company.

NowVertical Group Inc.Announces the Closing of a Plus Public Offering, Including the Full Exercise of the Over-Allotment Option for Proceeds of C $ 10.35M (CNW Group / NowVertical Group Inc .)

The offering has been made on a “best efforts” basis by Echelon Wealth Partners Inc. (the “”Agent“), as sole agent and bookrunner.

Each unit consists of one Class A subordinate voting share of the Company (each a “”Subordinate voting share“) and a half-purchase warrant for subordinate voting shares (each entire warrant, a”To guarantee“and collectively the”Mandates“). Each warrant may be exercised for one subordinate voting share at the price of CA $ 10.25 per Subordinate Voting Share for a period of 24 months following the closing of the offering. The Company has received approval from the TSX Venture Exchange (the “TSXV“) to list the Warrants under the symbol” NOW.WT “. The Warrants are expected to begin trading on the TSXV as of the date hereof.

The Company has filed a simplified prospectus with respect to the offering with the securities commissions of each of the provinces of Canada, except Quebec, to December 7, 2021. The simplified prospectus is available on SEDAR at www.sedar.com.

The Company intends to use the net proceeds of the Offering (i) to increase its sales and marketing team, (ii) to increase its finance and operations team, (iii) for product development , (iv) for general and administrative costs and (v) close potential acquisitions.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any securities in United States. The securities have not been and will not be registered under the US Securities Act or any state securities law and may not be offered or sold in the United States or to persons in the United States, unless they are registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

About NowVertical Group Inc.
NOW is a global big data software and services company that helps businesses win in the digital economy by helping customers better understand, manage and use their data. NOW is focused on stepping up its current efforts with clients in a variety of verticals including, but not limited to automotive and OEMs, government, law enforcement, healthcare healthcare, financial services, e-commerce, energy and renewables, and pursues an acquisition strategy focused on profitable and accretive data analytics services and software companies in other wealth-rich industries. underutilized data. NOW is positioned to be an invaluable tool for executives and bureaucrats to make informed decisions with data affecting billions of people around the world. For more information about the Company, visit www.nowvertical.com.

Forward-looking information
This press release may contain forward-looking statements (within the meaning of applicable securities laws) that reflect the Company’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “plan”, “expect”, “intend”, “plan”, “will”, “may”, ” estimate ”and other similar expressions. These statements are based on the Company’s expectations, estimates, forecasts and projections and include, without limitation, statements regarding the proposed use of the proceeds of the Offering and the future success of the Company’s business.

The forward-looking statements contained in this press release are based on certain assumptions. Forward-looking statements do not constitute guarantees of future performance and involve risks and uncertainties that are difficult to control or predict (these risks include, among others, the non-completion of the Offer). A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Therefore, readers should not place undue reliance on these forward-looking statements. In addition, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether at following new information, future events or the like.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE NowVertical Group Inc.

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