NowVertical Names Andre Garber CEO, Launches $15.1M Private Placement

NowVertical Group has appointed Andre Garber as its new chief executive officer while simultaneously launching a brokered private placement valued at up to $15.1 million, the data and analytics company announced. The dual move signals a strategic pivot at the firm as it seeks fresh leadership and capital to advance its growth agenda.

The financing consists of units and convertible debenture units offered through the brokered placement, a structure commonly used by growth-stage companies seeking flexible capital that can convert to equity under predetermined conditions. The $15.1 million ceiling represents a meaningful injection for a company of NowVertical's size and suggests management is preparing to fund near-term operational or acquisition activity.

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Garber steps into the top role at a pivotal moment for NowVertical, which has pursued an acquisitive strategy in the data intelligence sector. The appointment of a new CEO alongside a significant capital raise is a combination that investors typically read as a reset — aligning new executive vision with the resources to execute it.

The brokered nature of the placement means the company is working with underwriters to place the securities, adding a layer of institutional credibility to the offering. Convertible debenture structures in particular allow companies to attract debt-oriented investors while preserving the option to reduce leverage through equity conversion if performance milestones are met.

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