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Sichenzia Ross Ference LLP Represents mCloud Technologies Corp., a Canadian Public Company,  in $9.5 Million Underwritten Public Offering Made under the MJDS in the US and Uplisting to Nasdaq 

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Press Release – New York, NY – November 30, 2021 – Sichenzia Ross Ference LLP announced today that it represented mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV:  MCLD), a leading provider of AI-powered asset management and Environmental, Social, and Governance solutions, in an underwritten public offering of 2,100,000 units.  Each unit was priced at a public offering price of $4.50 per unit, each consisting of one common share and one warrant to purchase one common share at an exercise price of $4.75. Additionally, the Company granted the underwriters a 45-day option to purchase up to an additional 315,000 common shares and/or an additional 315,000 warrants  to cover over-allotments. The common shares began trading on the The Nasdaq Capital Market on November 24, 2021, under the symbol “MCLD”.  The gross proceeds were approximately $9.5 million. 

Maxim Group LLC acted as sole book-running manager for the offering.

The public offering was made pursuant to an effective registration statement on Form F-10 under the U.S/Canada Multijurisdictional Disclosure System, previously filed with the U.S. Securities and Exchange Commission.

The Sichenzia Ross Ference LLP team was led by partners Marc J. Ross and Glenn D. Burlingame and associate Matthew Siracusa.

Sichenzia Ross Ference Carmel LLP