Venture-backed eyewear innovator eSight to go public via RTO

Damon Capital Corp (NEX Symbol: DAM.H), a capital pool company, has agreed to combine with eSight Corp, an Ottawa-based provider of wearable, electronic assistive technology for people with low vision. The transaction, which is subject to the approval of shareholders, will result in eSight achieving a public listing. As part of the deal, the company will complete a brokered private placement offering that raises a minimum of $20 million. Founded in 2006, eSight is backed by Canadian venture capital investors iGan Partners and MaRS Investment Accelerator Fund, as well as a number of angel investors.

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