Form D · Other Technology

Taal Distributed Information Technologies Inc.

Vancouver, A1 · CIK 0001854902

Offering snapshot reported Apr 5, 2021 · SEC filing

Reported sold
$1.72M
Offering amount: $22.7M
Investors reported
2
Form D · investor count
Minimum accepted
$0
Reported outside-investor minimum
First sale
Mar 18, 2021
As reported in this filing

What changed?

Latest filing versus its linked predecessor, where available.

No comparable changes in the displayed metrics.

Filing history

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FiledFiling typeReported soldChange vs linked filingInvestorsSource
Apr 5, 2021Initial$1,718,077No comparison2SEC filing

Offering details

Securities
Equity, Option to acquire, Security to be acquired, Other
Exemptions
06b
Duration over one year
Yes
Business combination
No
Sales commissions
$103K (estimated)
Finders' fees
$0
Form D file number
021-394640
The additional $20,939,923.00 may be received upon the exercise of warrants sold inside and outside the U.S. U.S. dollar amounts are based on the Bank of Canada average rate of exchange reported on March 18, 2021, which was Cdn$1.2458=US$1.00.
Each unit is comprised of one common share and one-half of one common share purchase warrant. Each whole warrant is exercisable for one common share at an exercise price of Cdn$6.00 per share for a period of three years, subject to acceleration.
Excludes non-transferable broker warrants to purchase 27,918 common shares at Cdn$4.60 per unit for a period of 18 months.

Sales compensation recipients

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RecipientCRDAssociated broker-dealer
Canaccord Genuity LLC1020

Source: Form D, filed Apr 5, 2021. Minimum accepted may differ from a standard advertised minimum.

Fund connections

No confirmed ADV fund connection is available for this issuer.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
NameReported role
Cyrille Albrecht Executive
David Allen Executive
Richard Baker Director
Michael Cella Director
Jerry D Chan Executive
Michael Darcy Director
Delphine Forma Executive
Angela Holowaychuk Director, Executive
Lars Jorgensen Executive
Stefan T. Matthews Director, Executive
Chris Naprawa Executive
Deborah Rosati Director
Marco Strub Director
Kal Suurkask Executive

Issuer details

Industry: Other Technology (See others in industry)

Address:
#16 1146 Pacific Blvd.
Vancouver, A1, V6Z 2X7