Second Canaccord Genuity SPAC files for initial public offering
Canaccord Genuity Growth Corp (CGGC), a Canadian special purpose acquisition corporation (SPAC), has filed a preliminary prospectus with regulatory authorities outside of Québec for an initial public offering. The IPO is for Class A restricted voting units at a price of $3 per unit. The number of units on offer was not released. CGGC, managed by an affiliate of Canaccord Genuity Group Inc, is expected to target an operating business valued at $50 million to $250 million. Last year, Canaccord Genuity Acquisition Corp raised $30 million from its IPO. Earlier in 2018, the SPAC agreed to merge with Spark Power Corp, an electrical power services and solutions company.
15 August 2018•5 mins read
