Canaccord Genuity G Ventures Corp. and WD Growth’s Preliminary Prospectus for New Growth Acquisition Company Initial Public Offering

Wildeboer Dellelce LLP is acting as legal counsel to CGGV and CG G-Corp. Blake, Cassels & Graydon LLP is acting as legal counsel to the Underwriters.

WD Growth I Corp. and Canaccord Genuity G Ventures Corp. have each filed a preliminary prospectus for initial public offerings of a newly-organized Growth Acquisition Corporation formed for the purpose of effecting an acquisition of one or more businesses within 24 months from closing.

Developed jointly by the NEO Exchange, WD Growth and its sponsor, WDC Investments I Inc., the G-Corp™ is a publicly traded acquisition vehicle permitted to raise up to $30 million pursuant to an initial public offering. In addition to its size, what makes the G-Corp™ different from conventional SPACs is that the holders of its Class A Restricted Voting Shares will not have a right to redeem their shares but, rather, the completion of the qualifying transaction will be subject to the approval of the holders of a majority of such shares.

Evolving markets have created an opportunity to list acquisition vehicles designed to meet the needs of earlier stage and mid-market companies. The novel structure of the G-Corp™ provides the market with an alternative to other listing vehicles that tend to focus on either micro or mega-cap companies.

The Offering is being distributed by a syndicate of underwriters co-led by Canaccord Genuity Corp. and Cormark Securities Inc.

Canaccord Genuity G Ventures Corp. is a newly organized growth-focused special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying transaction within a specified period of time.

CG G-Corp Sponsor Inc. I is the sponsor of CGGV. CG G-Corp Sponsor Inc. I is a wholly-owned subsidiary of Canaccord Genuity Group Inc., a leading independent, full-service financial services firm, with operations in two principal segments of the securities industry: capital markets and wealth management.

The Wildeboer Dellelce team comprised of Jeff Hergott (PIcture), Colin Romano, Jessica Sorbara, Michael Rennie, Natalie Tershakowec and Perry N. Dellelce. 

Involved fees earner: Perry Dellelce – Wildeboer Dellelce LLP; Jeff Hergott – Wildeboer Dellelce LLP; Michael Rennie – Wildeboer Dellelce LLP; Colin Romano – Wildeboer Dellelce LLP; Jessica Sorbara – Wildeboer Dellelce LLP; Natalie Tershakowec – Wildeboer Dellelce LLP;

Law Firms: Wildeboer Dellelce LLP;

Clients: Canaccord Genuity G Ventures Corp.; WD Growth I Corp.;

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Martina Bellini

Author: Martina Bellini