The Offering was underwritten by a syndicate of underwriters led by GMP Securities L.P. and including BMO Capital Markets, National Bank Financial Inc., CIBC World Markets Inc., RBC Capital Markets and PI Financial Corp

Avigilon granted the Underwriters an over-allotment option, exercisable in whole or in part, at any time for a period of 30 days following the closing of the Offering, to purchase, in aggregate, up to an additional 517,242 common shares at a price of $29.00 per common share.

The Company explains on its web site that it intends to use the net proceeds from the Offering for general corporate purposes and for potential strategic acquisitions.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements.