Tag archives: SPAC

SPAC in Canada: too small a market for too small a timeframe?

A special purpose acquisition company, (SPAC), is a publicly traded shell company created with a purpose of purchasing a future target. The Canadian SPAC is modelled largely off of the US model. One of the many important characteristics that is shared between both jurisdictions is the defined timeline to make an acquisition. In a SPAC, … Continue reading

The sudden rise of the Canadian SPAC

A dozen years after being embraced in the US, and six years after the TSX adopted rules governing its use, the Special Purpose Acquisition Corporation (SPAC) has finally arrived in Canada. This year, four SPAC initial public offerings raised almost $1 billion on Canadian markets, and two more recently entered the fundraising stage. With their … Continue reading
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