Early Warning Report – Acquisition of Aurora Spine Corporation Stock
Toronto, Ontario, October 27, 2023 (GLOBE NEWSWIRE) — David Rosenkrantz (“Acquiror”) announces that he has filed an early warning report under National Instrument 62-103 in connection with the acquisition of 2,250,000 voting common shares (“Shares”) and 2,250,000 Share Purchase Warrants (“Warrants”) from Aurora Spine Corporation (the “Company”) for an aggregate amount of CAD$675,000.
On October 19, 2023, the acquirer acquired Shares and Warrants of the Company pursuant to a private placement (the “Private Placement”), which in total resulted in the cumulative acquisition of more than 2% of the outstanding Shares of the Company. , which creates the requirement to submit an early warning report. Immediately prior to the acquisition, the Acquiring party owned 9,625,000 Shares of the Company. The 9,625,000 Shares represented approximately 13.56% of the total number of Shares issued and outstanding prior to the Private Placement. As a result of the acquisition, the Acquirer now beneficially owns 11,875,000 Shares of the Company, which is equal to 15.34% of the outstanding Shares of the Company, resulting in a change of 1.78% in the Acquirer’s share ownership side. If all Warrants were converted, the Acquirer would, directly or indirectly, own or exercise control or direction of approximately 17.73% of the total number of issued and outstanding Shares, which would result in an increase of 4.17% of Share Ownership of the Acquirer on a partially diluted basis.
Although the Acquirer currently has no plans or intentions with respect to the Company’s Shares, depending on market conditions, general economic and industry conditions, trading prices of the Company’s Shares, the Company’s business, financial condition and prospects and/or other relevant factors, The acquirer may develop such plans or intentions in the future and may from time to time acquire additional Shares, dispose of some or all existing or additional Shares or sell the Shares of the Company keep holding.
A copy of the acquirer’s early warning report filing will be available on Aurora Spine Corporation’s SEDAR+ profile at www.sedarplus.ca. The Company’s registered office is located at 1930 Palomar Point Way, Suite 103, Carlsbad, California, 92008 and the acquirer’s address is at Patica Corporation, The Exchange Tower, 130 King St. W., Suite 2210, Toronto, Ontario, M5X 1E4 .
Aurora Spine Corporation
760-424-2004
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