Blackline Safety

Canaccord Genuity Acts as Lead Underwriter & Sole Bookrunner to Blackline Safety on its C$23 Million Bought Deal Offering of Common Shares

Canaccord Genuity is pleased to announce that on June 12, 2024, its client, Blackline Safety Corp. (“Blackline” or the “Company”) (TSX: BLN) announced the successful close of its bought deal offering of 5,692,500 common shares for gross proceeds of approximately C$23.1 million (the “Offering”), which included 742,500 common shares issued pursuant to the full exercise of the over-allotment option. Canaccord Genuity acted as lead underwriter and sole bookrunner in connection with the Offering.

Concurrently with the Offering, the Company also completed a non-brokered private placement (the “Private Placement”) of 2,846,250 common shares for gross proceeds of approximately C$11.5 million to DAK Capital Inc.

As a result of the Offering and the Private Placement, the Company raised aggregate gross proceeds of approximately C$34.5 million which it intends to use to add capacity to support its equipment leasing program, as well as to support the application of artificial intelligence to its 225 billion points of customer worksite data, and for general corporate and working capital purposes.

Blackline is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 225 billion data-points and initiated over seven million emergency alerts.