BUSINESS: D2L Files Preliminary Prospectus For Initial Public Offering

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

by Daniel Webster, dWeb.News Publisher

Toronto , Oct. 12, 2021 (GLOBE NEWSWIRE) — D2L Inc. (“D2L” or the “Company“) announced today that it has filed with the securities regulatory authorities in each of the provinces and territories in Canada, and obtained a receipt for, a preliminary base PREP prospectus (the “Preliminary Prospectus“) for a proposed initial public offering of subordinate voting shares (the “Offering“). It is not yet known the number or price of subordinate voting shares that will be sold.

TD Securities Inc. and BMO Capital Markets are acting as co-lead underwriters and joint bookrunners with a syndicate of underwriters for the Offering (collectively, the “Underwriters“).

The Preliminary Prospectus contains important information about the Offering but has not been made final for distribution to the public. This news release has not been approved or disapproved by any securities regulatory authority. This news release is not intended to be an offer to sell securities or the solicitation thereof. It also does not contain any offer to purchase securities in Canada. Copies of the Preliminary Prospectus may be obtained from any of the Underwriters and is available under D2L’s profile on SEDAR at www.sedar.com.

The securities under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or the securities laws of any state of the United States and may not be offered, sold or delivered, directly or indirectly, in the United States, except pursuant to an exemption from the registration requirements of the U.S. Securities Act and applicable state securities laws. This news release is not intended to be an offer to sell these securities or solicitation of an invitation to purchase them in any country where such an offering or sale is prohibited.

ABOUT D2L
D2L is transforming the way the world learns – helping learners of all ages achieve more than they dreamed possible. D2L works closely with clients around the globe to support millions of learners online and in-person. Our more than 1,000 global employees are dedicated to making the best learning products to leave the world better than where they found it. Learn more about D2L for K-12, higher education and businesses at www.D2L.com.

FOR MORE INFORMATION
Craig Armitage
IR@D2L.com

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