On November 27, 2024, dentalcorp Holdings Ltd. (TSX: DNTL) announced a C$100.04 million public offering of 10,530,000 subordinate voting shares at C$9.50 per share, consisting of 5,265,000 treasury shares and 5,265,000 secondary shares sold by existing shareholders, including Graham Rosenberg, OPTrust DCC Holdings II Inc., L Catterton Investor, and Imperial Capital Group. The underwriters were granted a 30-day over-allotment option for 1,579,500 additional shares, potentially increasing gross proceeds to C$115.04 million. dentalcorp expects net proceeds of C$46.92 million from the treasury shares, which will be used to reduce leverage and enhance financial flexibility, while the selling shareholders will receive C$48.02 million. The offering was underwritten by TD Securities, RBC Dominion Securities, Canaccord Genuity, Merrill Lynch Canada, Desjardins Securities, BMO Nesbitt Burns, Stifel Nicolaus Canada, ATB Securities, and National Bank Financial.

Blake, Cassels & Graydon LLP advised dentalcorp, while Osler, Hoskin & Harcourt LLP represented the underwriters.

The Toronto Stock Exchange conditionally approved the listing of the new shares, with the transaction expected to close on December 2, 2024.