Blackline Safety

Canaccord Genuity Acts as Lead Financial Advisor to Blackline Safety on its Strategic Investment by the Lowy Family Group

Canaccord Genuity is pleased to announce that on January 23, 2025, its client, Blackline Safety Corp. (“Blackline” or the “Company”) (TSX: BLN) announced it has completed a strategic private placement financing (the "Transaction") with an affiliate of the Lowy Family Group (“LFG”) for 3,091,190 common shares in the capital of the Company (the "Common Shares"). The Company's largest shareholder, DAK Capital Inc. ("DAK"), also acquired 1,078,834 Common Shares, for aggregate gross proceeds of approximately $27 million. Canaccord Genuity acted as lead financial advisor in connection with the Transaction.

The Lowy Family’s investment business has a long history of investing in world-class public and private software companies, including those that provide integrated hardware and software. Beyond its investment expertise, the Lowy Family bring decades of operating and capital markets experience, having managed the Westfield Group, one of the world's largest property companies, and raising tens of billions of capital over the past 65 years.

Proceeds from the Transaction will be used to fund investments in cloud-based software, data platform enhancements, and scalability initiatives, including expansion of manufacturing for growing demand and the improvement of internal operating systems to strengthen margins. Additionally, funds will be allocated for debt repayment and general corporate 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.