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The Caisse de dépôt et placement du Québec invests $4 million in D-Box Technologies

Sector: Commercial • Location: Canada

Source: Caisse de dépôt et placement du Québec

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The Caisse de dépôt et placement du Québec (the “Caisse”) today announced that it is part of a group of investors that has provided $7.2 million in financing to D-Box Technologies Inc. [TSX-V: DBO.A] (“D-Box”). Based in Longueuil, D-Box is a global leader in motion-generation systems. The Caisse has acquired, pursuant to a private placement, 11,428,571 units of D-Box at a price of $0.35 per unit f

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The project “The Caisse de dépôt et placement du Québec invests $4 million in D-Box Technologies” is an infrastructure initiative in the Commercial sector, located in Canada. Taiyo aggregates data on it from Caisse de dépôt et placement du Québec.

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The Caisse de dépôt et placement du Québec (the “Caisse”) today announced that it is part of a group of investors that has provided $7.2 million in financing to D-Box Technologies Inc. [TSX-V: DBO.A] (“D-Box”). Based in Longueuil, D-Box is a global leader in motion-generation systems. The Caisse has acquired, pursuant to a private placement, 11,428,571 units of D-Box at a price of $0.35 per unit for an aggregate amount of $4 million. Each unit consists of one common share of D-Box and one-half warrant. Each whole warrant gives the right to acquire one additional common share of D-Box at an exercise price of $0.55 per common share for a period of twelve months from the date of issuance of the warrants. Taking into account the potential exercise of warrants, the Caisse could acquire an additional 5,714,286 common shares of D-Box and could hold 17,142,857 common shares of D-Box, representing 13.21% of all such common shares issued and outstanding. "The Caisse is pleased to back D-Box, a Québec company, in its international expansion. This transaction is in line with our strategy to invest in Québec firms that perform well and are leaders in their industry. This announcement follows a series of investments that the Caisse has made in Québec. D-Box's products are unique in the world and have a great deal of potential. The Company's innovative offering will enable it to maintain its global leadership position within its market segment," said Jean-Luc Gravel, Executive Vice-President, Equity Markets at the Caisse. "We are glad to be able to rely on the Caisse's support as a financial partner in this transaction. Its involvement will help us achieve our strategic objectives and execute our growth plan," said Claude Mc Master, President and Chief Executive Officer of D-Box. D-Box designs and manufactures motion-generation systems mainly suited to the needs of the entertainment industry. D-Box's patented technology has been used to develop seats that generate motion that is synchronized with onscreen action. D-Box products have won multiple awards at the Consumers Electronics Show (CES) in Las Vegas. Among the major studios that work with D-Box are Twentieth Century Fox, Disney, Warner Bros, Lionsgate and Sony Pictures Entertainment. This transaction was made for investment purposes and the Caisse could increase or decrease its investments in D-Box, depending on market conditions or any other relevant factor false false false

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