VIQ Solutions Announces Filing of Preliminary Base Shelf Prospectus and US Registration Statement

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VIQ announced it has filed a preliminary short form base shelf prospectus with securities regulators in each of the provinces of Canada, except Québec, and a corresponding registration statement on Form F–10 with the United States Securities and Exchange Commission.
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PHOENIX, Ariz.–(BUSINESS WIRE)–VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS and OTCQX: VQSLF), a global provider of secure, AI-driven, digital voice and video capture technology and transcription services, announced it has filed a preliminary short form base shelf prospectus (the “Base Shelf Prospectus”) with securities regulators in each of the provinces of Canada, except Québec, and a corresponding registration statement on Form F–10 (the “Registration Statement”) with the United States Securities and Exchange Commission (the “SEC”).

“Today, we filed a base shelf prospectus and registration statement in order to take the next important step of our growth strategy. As we move closer to our expected uplisting to a major stock exchange in the United States, it is more important than ever to have the financial flexibility to continue to execute on our strategy,” stated Sebastien Paré, Chief Executive Officer of VIQ.

The Base Shelf Prospectus and Registration Statement, when made final and effective, will enable VIQ to offer up to US$225 million of common shares, preferred shares, debt securities, warrants, subscription receipts and units or a combination thereof from time to time, separately or together, in amounts, at prices and on terms to be determined based on market conditions at the time of the offering and as set out in an accompanying prospectus supplement, during the 25-month period that the Base Shelf Prospectus and Registration Statement, when made final and effective, remain valid. The specific terms of any future offering will be established in a prospectus supplement to the Base Shelf Prospectus, which supplement will be filed with the applicable Canadian and U.S. securities regulatory authorities. No securities may be sold, nor may offers to buy be accepted, prior to the time a receipt for the final Base Shelf Prospectus has been issued and the Registration Statement has been declared effective.

Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of any securities may be used by VIQ for general corporate purposes, including to facilitate the continued execution of the global acquisition strategy, to fund the continued development of its software products and services, to increase the investment in the sales and marketing infrastructure, and to fund additional business objectives as they are identified and require capital to execute.

The Registration Statement has been filed with the SEC but is not yet effective. Securities may not be sold nor may offers to buy be accepted prior to the time the Registration Statement becomes effective. Copies of the Base Shelf Prospectus and the Registration Statement (once effective) may be obtained on request without charge from Alexie Edwards of VIQ at 5915 Airport Road, Suite 700, Mississauga, Ontario L4V 1T1, telephone (905) 948-8266 and are also available electronically at www.sedar.com or www.sec.gov/edgar.shtml.

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

About VIQ Solutions Inc.

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.

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