Bruush Oral Care prices $5M private placement

Bruush Oral Care has entered into a securities purchase agreement with an institutional investor to raise gross proceeds of approximately $5.0 million through a private placement, before deducting fees to the placement agent and other offering expenses payable by the Company. In connection with the private placement, the Company will issue 79,724 of its common shares, a prefunded common share purchase warrant to purchase 7,181,146 common shares, and a common share purchase warrant to purchase 8,350,000 common shares. Each of the Common Warrant and the Pre-funded Warrant have a term of five years from the date of issuance. The closing of the private placement is expected to occur on or about October 3, 2023, subject to the satisfaction of certain customary closing conditions. EF Hutton, division of Benchmark Investments, LLC, is acting as the exclusive placement agent for the private placement.