Lumenpulse Completes $100 Million Initial Public Offering

Lumenpulse Inc. announced that it has successfully completed an initial public offering of its common shares. In connection with the initial public offering, Lumenpulse issued 6,250,000 common shares at a price of $16.00 for total gross proceeds of $100 million. The Company's common shares will begin trading today on the Toronto Stock Exchange under the symbol "LMP”.

“We appreciate the strong interest from investors in the offering and the confidence our new shareholders have shown in our company,” said François-Xavier Souvay, the Company’s founder and CEO. “Today marks an extremely important step towards our goal of becoming a world leader in high-performance and sustainable specification-grade LED lighting solutions.”

The offering was made through a syndicate of underwriters. Led by joint lead bookrunners Canaccord Genuity Corp. and National Bank Financial Inc., the syndicate included BMO Nesbitt Burns Inc., Scotia Capital Inc. and Raymond James Ltd. The Company has granted the Underwriters an over-allotment option, exercisable in whole or in part at any time for a period of 30 days following the closing of the offering, to purchase up to 937,500 common shares at a price of $16.00 per share for additional gross proceeds of $15 million if the option is exercised in full.

Fasken Martineau DuMoulin LLP acted as counsel to the Company and Stikeman Elliott LLP acted as counsel to the underwriters.

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