Primary Use of Proceeds Expected to Fund Future Acquisitions
"The upsized facility positions us well to act decisively on the acquisitions front, where we continue to advance a robust pipeline of profitable e-commerce opportunities," said
In consideration for refinancing and expanding the Facility, the lender was entitled to certain fees and expenses, including a commitment fee equal to
As of the closing of the Facility,
About EMERGE
EMERGE is a disciplined, diversified, rapidly growing acquirer and operator of niche e-commerce brands. Our subscription-based and marketplace e-commerce businesses provide our members with access to premium meat & groceries, outdoor gear, golf, and other curated experiences. Our portfolio houses some of
To learn more visit https://www.emerge-commerce.com/
Cautionary notice
Neither
Notice regarding forward-looking statements
This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information. Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including the risk factors discussed in the Company's filing statement which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.
SOURCE
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