VANCOUVER, BC / ACCESS CABLE / August 5, 2022 / Bruush Oral Care Inc. (NASDAQ:BRSH) (“Brüush” or the “Company”) today announced the closing of its initial public offering offering from 3,728,549 units to a combined audience offering price of $4.16 per unit, each unit consisting of one common share Values and a guarantee to purchase a common share Values, with an initial exercise price of $4.16 per share. Gross proceeds from the offering were approximately $15.5 million, before deducting subscription fees and other estimated offering expenses.
The Company granted Aegis Capital Corp., the underwriter (“Aegis”), a 45-day over-allotment option to purchase additional common shares and/or warrants to purchase additional common shares up to 15% of the number of common shares and warrants, respectively, sold at the offering solely to cover over-allotments, if any. On August 5, 2022, Aegis partially exercised its over-allotment option with respect to 262,841 warrants to purchase 262,841 common shares.
Aegis Capital Corp. acted as the sole accounting administrator for the offering.
On July 29, 2022, the Securities and Exchange Commission (the “SEC”) declared effective a registration statement on Form F-1 (File No. 333-265969) relating to the securities being sold in this offering. . The offer is being made solely by means of a prospectus. The final prospectus is available on the SEC’s website, www.sec.gov, and electronic copies may be obtained by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th Floor, New York, NY 10105, by email at [email protected]or by phone at (212) 813-1010.
East Press release shall not constitute an offer to sell or a solicitation of an offer to to buynor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Brushus Oral Care Inc.
Bruush Oral Care Inc. is on a mission to inspire confidence through smiles and better oral health. Founded in 2018, Brüush is an oral care company that is revolutionizing the space by reducing barriers between consumers and access to premium oral care products. The company is an e-commerce company with a product portfolio that currently consists of a sonic powered electric toothbrush kit and brush head refills. Brüush has developed a product to make upgrading to an electric toothbrush attractive with three main priorities in mind: (i) a high quality electric toothbrush at a more affordable price than a comparable electric toothbrush from the competition; (ii) a sleek, countertop-friendly design; and (iii) a convenient brush head refill subscription program that eliminates the frustrating experience of buying replacement brush heads at the supermarket/drug store Store. The company is rooted in building a brand that creates relevant content and experiences, with the goal of becoming the preferred oral care brand for millennials and Generation Z.
For more information about Bruush Oral Care Inc, please visit https://brush.com.
Safe Harbor Forward-Looking Statements
East Press release Bruush Oral Care Inc. contains “forward-looking statements.” Words like “may”, “will”, “could”, “should”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates” and other comparable terminology have intended to identify forward-looking statements. For example, the Company uses forward-looking statements when discussing its vision, strategy and products. Forward-looking statements are not historical facts and are based on management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no guarantee that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from those expressed or indicated in forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results or performance to differ materially from those expressed in forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed with the Securities and Exchange Commission (the “SEC”), including, but not limited to, the risks detailed in the preliminary report of the Company. prospectus dated July 29, 2022 filed with the SEC as part of the Company’s Registration Statement on Form F-1 (File No. 333-265969), and documents incorporated by reference therein. Forward-looking statements speak only as of the date the statements are made. The Company undertakes no obligation to update any forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting the forward-looking statements, except to the extent required by applicable securities laws. If the Company updates one or more forward-looking statements, it should not be inferred that the Company will make any further updates with respect to them or other forward-looking statements.
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