VIQ Solutions Inc. announced a non-brokered private placement of 10,239,000 common shares at a price of CAD 0.158 per share for aggregate gross proceeds of CAD 1,617,762 on February 27, 2024. The common shares will be subject to a statutory hold period or restricted period in Canada of four months and one day following the closing date. The Offering is subject to final acceptance by the Toronto Stock Exchange. The transaction included participation from new investor Beedie Capital for 3,000,000 shares. The transaction is oversubscribed.

The company has received CAD 1,617,713 pursuant to Regulation D from 8 investors.