Canaccord Genuity G Ventures Corp
Canaccord Genuity G Ventures Corp. becomes the first issuer to launch a publicly-traded Growth Acquisition Corporation™
The G-Corp addresses the needs of earlier stage companies that aspire to list on a Tier 1 stock exchange
Canaccord Genuity is pleased to announce that on July 23, 2021, Canaccord Genuity G Ventures Corp. (“CGGV”) was listed on the NEO Exchange, making it the first-ever Growth Acquisition Corporation™ (“G-Corp™”) to go public. The structure of the G-Corp leverages Canaccord’s existing leadership in Special Purpose Acquisition Companies to provide an innovative way for earlier stage companies to access capital, while ensuring a rigorous review process and investor protections in completing a qualifying transaction. This new listing vehicle augments the opportunities available to high-potential growth companies to access the public markets.
Having closed its $15,000,000 initial public offering, CGGV is now trading its Class A restricted voting units under the symbol NEO:CGGV.UN. CGGV intends to focus primarily on acquiring growth companies with an aggregate enterprise value between $30 million and $150 million.
Canaccord Genuity Corp. acted as underwriter for the initial public offering. The Canaccord Genuity team was led by Michael Shuh, Malcolm Inglis, David Pietruszka and Len Sauer.