Sienna Senior Living Completes Equity Financing with Final Prospectus
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Sienna Senior Living Completes Equity Financing
Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) has recently undertaken significant steps in its financial strategy by filing a final short form prospectus for its equity financing. This final short form prospectus, dated recently, is now accessible to investors and regulatory authorities, paving the way for potential funding and investment opportunities.
Details of the Final Short Form Prospectus
The finalized prospectus encompasses the distribution of 8,340,000 common shares of the Company at a price of $15.00 per share. In addition to this, it qualifies for the issuance of up to an additional 1,251,000 common shares at the same price upon the exercise of an underwriters’ over-allotment option. This issuance is an essential part of the Company’s broader funding strategy and is expected to close shortly.
Timing and Conditions of Closing
Closing of the offering is anticipated to occur soon, subject to standard closing conditions, which include the necessary regulatory approvals. Such measures ensure that the Company adheres to the financial regulations and standards expected in the market.
Accessing the Final Prospectus
Investors who wish to view the Final Prospectus can do so in accordance with applicable securities legislation. It is available on SEDAR+, ensuring transparency and accessibility for interested parties. Sienna encourages prospective investors to carefully read the Final Prospectus in its entirety before making any investment decisions.
Understanding Sienna Senior Living
Sienna Senior Living Inc. is renowned for providing a spectrum of senior living solutions. This includes independent living, assisted living, and memory care services under its Aspira retirement brand. The Company also focuses on long-term care and specialized programs that cater to various needs.
Commitment to Quality Care
With a dedicated workforce of approximately 12,500 employees, Sienna is committed to enhancing the quality of life for seniors. The organization strives to foster happiness and community in all aspects of daily life, ensuring that its residents are well-looked after and supported.
Contact Information for Sienna Senior Living
For those seeking further information about the equity financing or Sienna's services, the Company has made it easy to reach out to their team. David Hung, the Chief Financial Officer and Executive Vice President, and Nancy Webb, the Senior Vice President of Public Affairs and Marketing, are available for inquiries. Interested parties can contact David at (905) 489-0258 or via email at david.hung@siennaliving.ca. Nancy can be reached at (905) 489-0788 or by emailing nancy.webb@siennaliving.ca.
Frequently Asked Questions
What is Sienna Senior Living's recent financial move?
Sienna has filed a final short form prospectus to facilitate a bought deal equity financing, allowing for the issuance of common shares.
How many shares is Sienna looking to distribute?
The Company plans to distribute 8,340,000 common shares initially, with an option for an additional 1,251,000 shares based on demand.
What is the price per share in the offering?
The offering price is set at $15.00 per common share.
Who can access the Final Prospectus?
The Final Prospectus is accessible to investors and regulatory bodies, available on SEDAR+.
Who can prospective investors contact for more information?
David Hung and Nancy Webb can be contacted for further information regarding the offering and Sienna's services.
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