Payfare Inc. (TSX: PAY), a leading fintech company offering digital banking and payment solutions for marquee clients such as Uber, DoorDash, and Lyft, announces the exercise of the over-allotment option granted to the underwriters in connection with its previously announced initial public offering bringing the total proceeds as part of the initial public offering to $75.2 million. The Offering was made possible through a syndicate of underwriters (collectively, the “Underwriters”) led by Stifel GMP and included Scotia Capital, Canaccord Genuity, and Raymond James.

Minden Gross LLP acted for the Underwriters with a team that consisted of Andrew Elbaz (Partner), David Judson (Partner), Alexander Katznelson (Associate), Darren Nguyen (Associate), and Radha Lamba (Student-at-Law) – Securities and Capital Markets Group.

Read the media release here: https://www.newswire.ca/news-releases/payfare-announces-exercise-of-over-allotment-option-in-connection-with-initial-public-offering-bringing-total-gross-proceeds-to-75-2-million-827125784.html