{"id":480876,"date":"2021-04-22T16:39:04","date_gmt":"2021-04-22T20:39:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/skylight-health-files-preliminary-base-shelf-prospectus\/"},"modified":"2021-04-22T16:39:04","modified_gmt":"2021-04-22T20:39:04","slug":"skylight-health-files-preliminary-base-shelf-prospectus","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/skylight-health-files-preliminary-base-shelf-prospectus\/","title":{"rendered":"Skylight Health Files Preliminary Base Shelf Prospectus"},"content":{"rendered":"
\n

TORONTO, April 22, 2021 (GLOBE NEWSWIRE) — Skylight Health Group Inc (TSXV:SHG; OTCQX: SHGFF) (\u201cSkylight Health\u201d or the \u201cCompany\u201d), a multi-state primary care management group in the United States, announced today it has filed a preliminary short form base shelf prospectus (with the securities regulators in the following provinces of Canada; Alberta, British Columbia, Manitoba and Ontario) (the \u201cProspectus\u201d) and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission.<\/p>\n

The Prospectus, when final and effective, will enable the Company to offer, issue and sell, from time to time: subordinate voting shares; restricted voting shares; limited voting shares; warrants; subscription receipts; debt securities; convertible securities; units; or any combination of such securities (collectively, the \u201cSecurities\u201d) for up to an aggregate offering price of CA$100,000,000 (or its equivalent), in one or more transactions during the effective period of the Prospectus.<\/p>\n

Skylight Health has filed the Prospectus and corresponding registration statement in order to provide the Company with greater financial flexibility going forward. The registration statement is not yet effective, and the securities may not be sold, nor may offers to buy, be accepted prior to the time the registration statement becomes effective.<\/p>\n

\u201cOur strategy continues to be organic growth and growth through acquisition, and we have built a robust pipeline of immediately accretive and strategic targets,\u201d says Prad Sekar, Co-Founder and CEO. \u201cAs we move closer to our expected NASDAQ\u00a0uplisting, it is more important than ever to have the financial\u00a0flexibility to continue to execute on our growth and expansion strategy.\u201d\u00a0<\/p>\n

This news release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale, of the securities in any province, state, or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration of such securities under the securities laws of any such jurisdiction.<\/p>\n

A copy of the final short form base shelf prospectus can be found on SEDAR at\u00a0www.sedar.com<\/a> and a copy of the registration statement can be found on EDGAR at\u00a0www.sec.gov<\/a>.<\/p>\n

\n About Skylight Health Group <\/strong>\n <\/p>\n

Skylight Health Group (TSXV:SHG; OTCQX:SHGFF) is a healthcare services and technology company, working to positively impact patient health outcomes. The Company operates a US multi-state health network that comprises of physical multi-disciplinary medical clinics providing a range of services from primary care, sub-specialty, allied health and laboratory\/diagnostic testing. The Company owns and operates a proprietary electronic health record system that supports the delivery of care to patients via telemedicine and other remote monitoring system integrations. The Company has operations serving 16 states and continues to expand in services and locations both organically and by way of strategic acquisitions.<\/p>\n

The Company primarily operates a traditional insurable fee-for-service model contracting with Medicare, Medicaid and other Commercial Payors. The Company also offers a disruptive subscription-based telemedicine service for the un\/under-insured population who have limited access to urgent care due to cost.<\/p>\n

For more information, please visit www.skylighthealthgroup.com<\/a> or contact:<\/p>\n

\n Investor Relations:<\/strong>
\n
Jackie Kelly
investors@skylighthealthgroup.com<\/a>
416-301-2949<\/p>\n

\n Currency Usage, Cautionary and Forward-Looking Statements<\/strong>\u00a0<\/p>\n

All currency contained in this Press Release represent Canadian Dollars unless otherwise stated.\u00a0<\/p>\n

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Skylight Health’s filings with Canadian securities regulators. When used in this news release, words such as “will, could, plan, estimate, expect, intend, may, potential, believe, should,” and similar expressions, are forward-looking statements.\u00a0<\/p>\n

Forward-looking statements may include, without limitation, statements regarding the Company’s Prospectus and registration statement going effective and the Company\u2019s anticipated uplist to NASDAQ.\u00a0<\/p>\n

Although Skylight Health has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: the ability of Skylight Health to execute on its business strategy, continued revenue growth in accordance with management\u2019s expectations, operating expenses continuing in accordance with management expectations, dependence on obtaining regulatory approvals; Skylight Health being able to find, complete and effectively integrate target acquisitions; change in laws relating to health care regulation; reliance on management; requirements for additional financing; competition; hindering market growth or other factors that may not currently be known by the Company.\u00a0<\/p>\n

There can be no assurance that such information will prove to be accurate or that management’s expectations or estimates of future developments, circumstances or results will materialize. As a result of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.\u00a0<\/p>\n

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Skylight Health disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Skylight Health does not assume any liability for disclosure relating to any other company mentioned herein.\u00a0<\/p>\n

\n Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/strong>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, April 22, 2021 (GLOBE NEWSWIRE) — Skylight Health Group Inc (TSXV:SHG; OTCQX: SHGFF) (\u201cSkylight Health\u201d or the \u201cCompany\u201d), a multi-state primary care management group in the United States, announced today it has filed a preliminary short form base shelf prospectus (with the securities regulators in the following provinces of Canada; Alberta, British Columbia, Manitoba and Ontario) (the \u201cProspectus\u201d) and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission. The Prospectus, when final and effective, will enable the Company to offer, issue and sell, from time to time: subordinate voting shares; restricted voting shares; limited voting shares; warrants; subscription receipts; debt securities; convertible securities; units; or any combination of such securities (collectively, the \u201cSecurities\u201d) … <\/p>\n

Continue reading “Skylight Health Files Preliminary Base Shelf Prospectus”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-480876","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSkylight Health Files Preliminary Base Shelf Prospectus - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/skylight-health-files-preliminary-base-shelf-prospectus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Skylight Health Files Preliminary Base Shelf Prospectus - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TORONTO, April 22, 2021 (GLOBE NEWSWIRE) — Skylight Health Group Inc (TSXV:SHG; OTCQX: SHGFF) (\u201cSkylight Health\u201d or the \u201cCompany\u201d), a multi-state primary care management group in the United States, announced today it has filed a preliminary short form base shelf prospectus (with the securities regulators in the following provinces of Canada; Alberta, British Columbia, Manitoba and Ontario) (the \u201cProspectus\u201d) and a corresponding shelf registration statement on Form F-10 with the U.S. Securities and Exchange Commission. 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