Exchange Bulletin

Magnet Forensics Inc. (MAGT) To Trade On Toronto Stock Exchange

April 29, 2021
Issuer: Magnet Forensics Inc. (the "Company")
Security: Subordinate voting shares (the "Subordinate Voting Shares")
Symbol: MAGT
Issue price per security: $17.00
Number of securities issued and outstanding: 8,338,564
Number of securities reserved for issuance: 36,684,571
Listing category: Industrial, Exempt Issuer
Trading currencies: CDN$
Transaction: Initial public offering of Subordinate Voting Shares (the "Offering")
Listing date: April 30, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering
Anticipated closing date: May 3, 2021 (prior to the opening)
Posted for trading date: May 3, 2021 (at the opening) subject to confirmation of closing of the Offering
End of trading on an "if, as and when issued" basis: The Subordinate Voting Shares of the Company commenced trading on Toronto Stock Exchange ("TSX") on an "if, as and when issued" basis on Wednesday, April 28, 2021. Subject to the closing of the Offering occurring as scheduled prior to the opening of business on Monday, May 3, 2021, trading on an "if, as and when issued" basis will conclude at the close of business on Friday, April 30, 2021, unless the Offering closing has been delayed.
Other markets: None.
Temporary market maker: RBC Capital Markets
Security ownership registration: Non-Certificated Inventory system as well as Direct Registration System.
Investor relations: Adam Belsher
Chief Executive Officer

Angelo Loberto
Chief Financial Officer
Incorporation: Business Corporations Act (Ontario)
Fiscal year end: December 31
Nature of business: The Company is a developer of data analytics software used for digital forensics investigations serving two distinct market segments – public sector and private enterprises.
Transfer agent and registrar: Computershare Trust Company of Canada at its principal office in Toronto.
Distributions: The Company does not currently anticipate paying dividends on the Subordinate Voting Shares in the foreseeable future.
Sponsorship: Not applicable.
Offering documents: Final Base PREP Prospectus dated April 27, 2021 and Supplemented PREP Prospectus dated April 28, 2021 which are available at Capitalized terms not otherwise defined herein are as defined in the offering documents.
Initial public offering: The Offering will be comprised of a treasury offering by the Company of 5,890,000 Subordinate Voting Shares at an offering price of $17.00 per Subordinate Voting Share (the "Offering Price") for gross proceeds of $100,130,000 to the Company. In addition, the Company has granted the Underwriters an option (the "Over-Allotment Option") to purchase an additional 883,500 Subordinate Voting Shares from the Company at the Offering Price.
Additional information: See TSX Bulletins 2021-0423 dated April 26, 2021 and 2021-0428 dated April 28, 2021.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange