Custom Health Holdings Inc (TSX:CHLT) has filed a final short form base shelf prospectus that would allow it to raise up to $200 million, the company said.
The Toronto-based healthcare company received a receipt for the prospectus from securities regulators in each of Canada's provinces and territories.
CEO Shane Bishop told shareholders that the move provides the company with "flexibility" to raise funds.
"This positions Custom Health to efficiently access capital markets to support our growth initiatives and deliver long-term value for shareholders," Bishop said in a statement.
During the 25 months the prospectus is effective, the company may offer common shares, warrants, debt securities, subscription receipts, share purchase contracts, units or any combination of these, at its discretion.
The terms of any offering, including the use of proceeds, will be set out in a shelf prospectus supplement filed with the applicable Canadian securities regulators at that time.
Custom Health is an AI-enabled healthcare technology company building the infrastructure for medication management at home, connecting in-home technology, pharmacy and pharmacist-led clinicians through its AdhereNet platform and an integrated pharmacy network across Canada and the US.
