0001104659-22-080686.txt : 20220719 0001104659-22-080686.hdr.sgml : 20220719 20220719073026 ACCESSION NUMBER: 0001104659-22-080686 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20220719 FILED AS OF DATE: 20220719 DATE AS OF CHANGE: 20220719 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIQ Solutions Inc. CENTRAL INDEX KEY: 0001777765 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. [7370] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40717 FILM NUMBER: 221090335 BUSINESS ADDRESS: STREET 1: 5915 AIRPORT ROAD, SUITE 700 CITY: MISSISSAUGA STATE: A6 ZIP: L4V 1T1 BUSINESS PHONE: 9059488266 MAIL ADDRESS: STREET 1: 5915 AIRPORT ROAD, SUITE 700 CITY: MISSISSAUGA STATE: A6 ZIP: L4V 1T1 6-K 1 tm2221350d1_6k.htm FORM 6-K

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of July 2022

 

Commission File Number: 001-40717

 

VIQ SOLUTIONS INC.

(Name of registrant)

 

5915 Airport Road

Suite 700

Mississauga, Ontario L4V 1T1

Canada

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

  x Form 20-F ¨ Form 40-F  

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  VIQ SOLUTIONS INC.
  (Registrant)
   
Date: July 19, 2022 By: /s/ Alexie Edwards                                               
    Name: Alexie Edwards                                  
    Title: Chief Financial Officer

 

 

 

 

Form 6-K Exhibit Index

 

Exhibit
Number
  Document Description
     
99.1   Press Release of the Registrant dated July 19, 2022.

 

 

 

EX-99.1 2 tm2221350d1_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

 

 

 

VIQ Solutions Announces US$4.8 Million Private Placement

 

PHOENIX, Arizona – July 19, 2022 – VIQ Solutions Inc. ("VIQ", “VIQ Solutions” or the "Company") (TSX and Nasdaq: VQS) today announces that it has entered into definitive agreements with a current U.S. institutional shareholder and a new U.S. institutional investor for the purchase and sale on a private placement basis of 3,551,852 of its common shares, and warrants to purchase up to 3,551,852 common shares, (the common shares and warrants, together the “Securities”), resulting in total gross proceeds of approximately US$4.8 million before deducting placement agent commissions and other estimated offering expenses. The common shares and accompanying warrants are being sold together at a combined offering price of US$1.35. The warrants have an exercise price of US$1.39, are exercisable any time after January 21, 2023 and will expire five years following the issuance date thereof. The closing of the offering and sale of the Securities is expected to occur on or about July 21, 2022, subject to the satisfaction of customary closing conditions, including the approval of the Toronto Stock Exchange.

 

A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.

 

VIQ intends to use the net proceeds from the offering for continuing development of product and service offerings, potential future acquisitions as well as working capital and general corporate purposes.

 

The offer and sale of the Securities are being made in Canada on a prospectus exempt basis and in the United States, in a transaction not involving a public offering and the Securities have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the Securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. Under an agreement with the investors, the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (the “SEC”) covering the resale of the common shares to be issued to the investors (including the common shares issuable upon the exercise of the warrants) and to use commercially reasonable efforts to have the registration statement declared effective as promptly as practical thereafter, and in any event no later than 75 days following the closing date of the offering in the event of a “full review” by the SEC.

 

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these Securities, nor shall there be any sale of these Securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

 

About VIQ

 

VIQ Solutions is a global provider of secure, AI-driven, digital voice and video capture technology and transcription services. VIQ offers a seamless, comprehensive solution suite that delivers intelligent automation, enhanced with human review, to drive transformation in the way content is captured, secured, and repurposed into actionable information. The cyber-secure, AI technology and services platform are implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, corporate finance, media, and transcription service provider markets, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at a lower cost.

 

For more information about VIQ, please visit viqsolutions.com.

 

 

 

 

 

 

Forward-looking Statements

 

This press release contains forward-looking information and forward-looking statements within the meaning of applicable securities laws ("forward-looking statements"), including statements with respect to the closing date of the offering, the intended use of the net proceeds of the offering and the filing of a registration statement with the SEC. Forward-looking statements are based on certain expectations and assumptions, including the fact that all required approvals will be received for the offering, and are subject to known and unknown risks and uncertainties and other factors that could cause actual events, results, performance and achievements to differ materially from those anticipated in these forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results. A more complete discussion of the risks and uncertainties facing the Company appear in the Company’s most recent Annual Information Form and other continuous disclosure filings which are available on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements as a result of new information or future events, or for any other reason.

 

Contacts

 

Media:

 

Laura Haggard

Chief Marketing Officer, VIQ

Phone: (800) 263-9947

Email: marketing@viqsolutions.com

 

Investor Relations:

 

Laura Kiernan

High Touch Investor Relations

Phone: 1-914-598-7733

Email: viq@htir.net

 

 

 

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