On December 15, 2020 Ruckify completed a private placement of common shares for gross proceeds of approximately $6.9 million. The brokered portion of the offering was led by Eight Capital. Ruckify and Apolo III Acquisition Corp. entered into a definitive amalgamation agreement to complete a business combination that will constitute Apolo’s Qualifying Transaction under the TSX Venture Exchange rules. The deal is structured as a reverse take-over of Apolo by Ruckify; Ruckify and a wholly-owned subsidiary of Apolo will amalgamate to form a new amalgamated company. Upon amalgamation, holders of Ruckify common shares will receive one post-consolidation Apolo common share for each common share held. Wildeboer Dellelce LLP acted for Eight Capital on the private placement and for Apolo on the qualifying-transaction agreement (team: Jeff Hergott, Patricia Good and Jessica Sorbara). The article does not provide details on Ruckify’s product, operations, founding year or other operating metrics.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Dec 2020