Canaccord Genuity SPAC to merge with Spark Power
Canaccord Genuity Acquisition Corp (TSX: CGAC.UN, CGAC.WT), a Canadian special purpose acquisition corporation (SPAC), has agreed to merge with Spark Power Corp, an Oakville, Ontario-based electrical power services and solutions company. No financial terms were disclosed. Spark serves more than 4,500 industrial, commercial, institutional, renewable and agricultural customers, as well as utility markets, including municipalities, universities, schools and hospitals across North America. The deal will see the company continue to be led by Co-CEOs Jason Sparaga and Andrew Clark. Spark is the qualifying transaction of CGAC, which completed its IPO last year.
12 June 2018•4 mins read
