VIQ Solutions Announces Closing of US$4.8 Million Private Placement

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Jul 21, 2022

VIQ Solutions Inc. ("VIQ", “VIQ Solutions” or the "Company") (TSX and Nasdaq: VQS) today announces the closing of its previously announced private placement with a current U.S. institutional shareholder and a new U.S. institutional investor (collectively, the “Investors”) who purchased, in the aggregate, 3,551,852 common shares of VIQ and warrants to purchase up to 3,551,852 common shares of VIQ (the common shares and warrants, together the “Securities”), at a combined purchase price of US$1.35, resulting in total gross proceeds of approximately US$4.8 million before deducting placement agent commissions and other offering expenses. The warrants have an exercise price of US$1.39, are exercisable any time after January 21, 2023 and will expire on July 21, 2027.