VIQ Solutions Announces Filing of Base Shelf Prospectus and U.S. Registration Statement

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PHOENIX, Arizona – (COMMERCIAL THREAD) –VIQ Solutions Inc. (“VIQ” or the “Company”) (TSX: VQS and OTCQX: VQSLF), a global provider of secure, AI-based digital audio and video capture technology and transcription services, has announced that it has filed a preliminary abbreviated base prospectus (the “base shelf prospectus”) with the securities regulatory authorities in each of the provinces of Canada, except Quebec, and a corresponding registration statement on Form F – 10 ( the “Registration Statement”) with the United States Securities and Exchange Commission (the “SECOND”).

“Today, we filed a base shelf prospectus and registration statement to take the next important step in our growth strategy. As we move closer to our planned market rise to a major stock exchange in the United States, it is more important than ever to have the financial flexibility to continue to execute our strategy, ”said Sébastien Paré, CEO of VIQ.

The base shelf prospectus and registration statement, once made final and effective, will allow VIQ to offer up to US $ 225 million of common stock, preferred stock, debt securities, bonds subscription, subscription receipts and units or a combination thereof from time to time, separately or together, in amounts, prices and on terms to be determined based on market conditions at the time of the offer and as indicated in an attached prospectus supplement, during the 25-month period during which the base shelf prospectus and the registration statement, when made final and effective, remain valid. The precise terms of any future offering will be set out in a prospectus supplement to the base shelf prospectus, which supplement will be filed with the relevant Canadian and US securities regulatory authorities. No security may be sold, nor any offer to purchase accepted, until a receipt for the final base shelf prospectus has been issued and the registration statement has been declared effective.

Unless otherwise specified in the prospectus supplement relating to a particular offering of securities, the net proceeds from any sale of securities may be used by VIQ for general corporate purposes, including to facilitate the continued execution of the strategy. global acquisition, to fund the further development of its software products and services, to increase investment in sales and marketing infrastructure, and to fund additional business objectives as they are identified and require capital to be executed.

The registration statement has been filed with the SEC but has not yet come into effect. The securities cannot be sold and offers to buy cannot be accepted until the entry into force of the registration statement. Copies of the base shelf prospectus and the registration statement (once effective) can be obtained on request free of charge from Alexie Edwards of VIQ at 5915 Airport Road, Suite 700, Mississauga, Ontario L4V 1T1, telephone ( 905) 948-8266 and are also available electronically at www.sedar.com or www.sec.gov/edgar.shtml.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any jurisdiction in which such an offer, solicitation or sale would be illegal before registration or qualification under the securities laws of such jurisdiction.

About VIQ Solutions Inc.

VIQ Solutions is a global provider of secure, AI-based digital voice and video capture technologies and transcription services. VIQ offers a seamless, comprehensive suite of solutions that deliver intelligent automation, enhanced by human scrutiny, to drive the transformation of how content is captured, secured, and reused into actionable information. Cyber-secure AI technology and services platform is implemented in the most rigid security environments including criminal justice, legal, insurance, media, government, finance markets enterprise, media and transcription service providers, enabling them to improve the quality and accessibility of evidence, to easily identify predictive insights and to achieve digital transformation faster and at lower cost.

Forward-looking statements

Certain statements included in this press release constitute forward-looking statements or forward-looking information under applicable securities laws. These forward-looking statements or information are provided for the purpose of providing information about management’s current expectations and plans for the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes.

Forward-looking statements or information generally contain statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, ” project ”or similar words suggesting future results or statements regarding a prospect.

Forward-looking statements or information contained in this press release include, without limitation: the filing and receipt by the Company of a receipt for a final base shelf prospectus and the filing and coming into force of a corresponding registration statement; the Company’s ability to complete offers of up to a total of US $ 225 million through the issuance of various Company securities over a 25-month period; the continued execution of the Company’s global acquisition strategy; the Company financing the continued development of its software products and services; the Company increases its investments in sales and marketing infrastructure; the Company funds additional business objectives as they are identified and require capital to be executed; and expectations regarding the increase in the Company’s listing on a major US stock exchange.

Forward-looking statements or information are based on several factors and assumptions which were used to develop such statements and information, but which may prove to be inaccurate. Although VIQ believes that the expectations reflected in such forward-looking statements or information are reasonable, one should not place undue reliance on forward-looking statements, as VIQ cannot guarantee that such expectations will prove to be correct. In addition to other factors and assumptions that may be identified in this press release, assumptions have been made regarding, among others: obtaining a visa for its final base shelf prospectus; general market and economic conditions conducive to future offers of securities by the Company; the Company’s ability to execute its business plan as currently envisioned; the Company’s ability to identify and acquire appropriate acquisition targets; and the Company’s ability to meet all of the prerequisites for increasing the listing on a major US stock exchange. Readers are cautioned that the foregoing list is not exhaustive of all the factors and assumptions that have been used.

Forward-looking statements or information are based on current expectations, estimates and projections that involve risks and uncertainties that could cause actual results to differ materially from those anticipated by VIQ, including, but not limited to : the Company will be unable to successfully obtain a receipt for its final base shelf prospectus or the effective date of its registration statement; the volatility of the price of the Company’s securities; the Company cannot guarantee that it will be able to raise sufficient capital to achieve its business objectives; the risk that the Company will not be able to identify or acquire appropriate acquisition targets; the risk that the Company will not be able to integrate future acquisitions into its existing activities and the risks and uncertainties described under the heading “Risk Factors” in the base shelf prospectus and annual information form of VIQ for the year ended December 31, 2020, both available under VIQ’s SEDAR profile at www.sedar.com and in the Declaration of Registration available on www.sec.gov/edgar.shtml.

These risks and uncertainties may cause actual results to differ materially from forward-looking statements or information. Readers are cautioned that the foregoing list is not exhaustive of all possible risks and uncertainties. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by applicable law, VIQ assumes no obligation to publicly update or revise any forward-looking statement, whether thereafter. new information, future events or the like.



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