On April 21, 2021, Taiga Motors, a Canadian based company reinventing the powersports landscape with breakthrough electric off-road vehicles, completed a reverse merger transaction with Canaccord Genuity Growth II, a special purpose acquisition company (SPAC).
This merger constitutes Canaccord Genuity Growth II’s qualifying acquisition and Taiga Motors’ going public transaction.
Prior to the closing of this transaction, Taiga closed a $100 million private placement, anchored by institutional investors including Northern Private Capital, to fund Taiga’s growth strategy, working capital and general corporate purposes, along with remaining funds from CGGZ’s $102 million of escrowed funds.
Taiga’s common shares and warrants are listed on the TSX.
A Fasken team comprised of Christian Jacques, Jean-Nicolas Delage, Caitlin Rose, Jean Michel Lapierre, Alexandre Morin, Christian Jacques, Quentin Lageix, Jonathan Raizenne, Matthew Quandrini, Martin Legault and Paul Khoury acted for Taiga Motors in connection with this transaction.
Jurisdictions
- Québec
- British Columbia
