Exhibit 4.7
FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. | Name and Address of Company |
Docebo Inc. (the “Company”)
366 Adelaide Street West
Toronto, Ontario
M5V 1R7
Item 2. | Date of Material Change |
August 11, 2020
Item 3. | News Release |
Attached as Schedule “A” is a copy of the press release relating to the material change, which was disseminated on August 11, 2020 through the newswire services of Cision and filed on the System for Electronic Document Analysis and Retrieval.
Item 4. | Summary of Material Change |
On August 11, 2020, the Company announced that it and certain of its shareholders, namely Claudio Erba, Gresilent Holding Srl, Intercap Equity Inc., Intercap Financial Inc. (together with Intercap Equity Inc., “Intercap”) and Alessio Artuffo (collectively, the “Selling Shareholders”), had entered into an agreement with a syndicate of underwriters (the “Underwriters”) led by Canaccord Genuity Corp., TD Securities Inc., Morgan Stanley Canada Limited and Goldman Sachs Canada Inc. to complete a new issue and secondary offering of an aggregate of 1,500,000 common shares of the Company (“Common Shares”) at a price of C$50.00 per Common Share, on a bought deal basis, for gross proceeds of C$25 million and C$50 million to the Company and the Selling Shareholders, respectively, for aggregate gross proceeds of C$75 million (the “Offering”).
Intercap also granted the Underwriters an over-allotment option to purchase up to an additional 225,000 Common Shares from Intercap for a period of 30 days after the closing of the Offering.
The net proceeds of the Offering will be used to strengthen the Company’s financial position and allow it to pursue its growth strategies, which include: expanding its customer base; supporting the growth of existing customers; expanding its solutions; and selectively pursuing acquisitions.
On August 17, 2020 the Company filed a preliminary short form prospectus in connection with the Offering.
Item 5. | Full Description of Material Change |
For a full description of the material change, please see Schedule “A” attached hereto.
Item 6. | Reliance on Subsection 7.1(2) of National Instrument 51-102 |
Not applicable.
Item 7. | Omitted Information |
Not applicable.
Item 8. | Executive Officer |
The name and business telephone number of the officer of the Company who can answer questions regarding this material change report is as follows:
Ian Kidson, Chief Financial Officer
Tel: (416) 456-5868
Item 9. | Date of Report |
August 21, 2020
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SCHEDULE “A”
(see attached)
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