Halogen’s IPO Over-Allotment Raises Proceeds to $63.5M

Ottawa, Ontario-based Halogen Software Inc. (TSX: HGN) a provider of cloud-based talent management products, announced the exercise of an over-allotment option pertaining to the company’s initial public offering on the Toronto Stock Exchange, which was completed in May. Including the exercise of the over-allotment option, gross proceeds of the offering to Halogen and U.S.-based venture capital backer JMI Equity now total approximately $63.5 million.


Halogen Software Inc. (“Halogen” or the “Company”) (TSX: HGN), a leading provider of cloud based talent management solutions, is pleased to announce that the Company has issued 720,000 common shares at a price of $11.50 per common share for gross proceeds of approximately $8.3 million pursuant to the exercise in full of the over-allotment option granted to the Underwriters in connection with Halogen’s previously announced offering of its common shares (the “Offering”).

Including the exercise of the over-allotment option, total gross proceeds of the Offering to Halogen and JMI Equity Fund VI, L.P. were approximately $63.5 million.

The Offering was underwritten by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Stifel Nicolaus Canada Inc., and including Raymond James Ltd., Cantor Fitzgerald Canada Corporation and National Bank Financial Inc. (collectively, the “Underwriters”). Osler, Hoskin & Harcourt LLP acted as legal counsel to Halogen and LaBarge Weinstein LLP acted for the Underwriters.

About Halogen Software

Halogen Software offers an organically built cloud-based talent management suite that reinforces and drives higher employee performance across all talent programs – whether that is recruiting, performance management, learning and development, succession planning or compensation. With over 1,750 customers worldwide, Halogen has been recognized as a market leader by major business analysts and has garnered the highest customer satisfaction ratings in the industry. Halogen Software’s powerful, yet simple-to-use solutions, which also include industry-vertical offerings, are used by organizations that want to build a world-class workforce that is aligned, inspired and focused on delivering exceptional results.

No securities regulatory authority has either approved or disapproved of the contents of this news release. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

For further information, please contact:
Tim Foran
T: 1-416-815-0700 ext. 251
Toll Free: 1-800-385-5451 ext. 251
E: tforan@tmxequicom.com