Veritas Investments says it will offer up to $25 million worth of shares to part fund the purchase of Mad Butcher.
The shell company is expected to register a prospectus this week.
Stock will be offered at $1.30 a share, which Veritas says is a 15% premium to the volume weighed average prices for the three-month period before the announcement of the acquisition, in late December.
The offer to retail investors will include a priority pool of up to $3 million worth of shares to existing Veritas shareholders.
Veritas says selected institutional investors are bidding for shares in a bookbuild process to assess demand.
The offer will open next month.
The purchase of the Mad Butcher chain remains subject to a shareholder meeting to be held in late April.