12 Jun capital pool company qualifying transaction

On closing of the Transaction, the business of the Company will be the business of Dona Blanca. CPE News (3/9/2021) – Platform 9 Capital Corp. (TSX-V: PN.P), a Capital Pool Company (CPC), has entered into of a Letter of Intent (LOI) dated March 5, 2021 with Sol Cuisine Inc. to enable Sol Cuisine to complete a going-public transaction on the TSX Venture Exchange. It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Dash pursuant to Policy 2.4 - Capital Pool Companies (the "CPC Policy") of the TSXV. For private companies looking to take their company public, a Capital Pool Company (CPC) provides an excellent alternative to the traditional IPO. On May 19, 2021, Sol Cuisine Ltd. (TSXV: PN.P) (formerly Platform 9 Capital Corp.) (the Company ) announced that it had completed its previously announced Qualifying Transaction in accordance with TSX Venture Exchange (TSXV) Policy 2.4 - Capital Pool Companies (the Transaction ) pursuant to the terms of the Business Combination Agreement dated April 14, 2021 between the Company… Plymouth Realty Capital Corp. is a capital pool company (‘CPC’) as defined by Exchange Policy 2.4 (“Policy 2.4”) and the shares were listed for trading under the trading symbol ‘PH.H’. VANCOUVER, British Columbia, June 10, 2021 (GLOBE NEWSWIRE) -- Tri Capital Opportunities Corp. (“TCAP” or the “Company”) (TSXV: TCAP.P), a capital pool company, is pleased to announce that, further to its news release dated May 13 th, 2021, the Company has increased its non-brokered private placement in connection with its Qualifying Transaction to up to CDN $800,000 … 9 Capital and Churchill also announce that prior to the completion of the Transaction, Churchill will complete a non-brokered private placement … The CPC Program provides a proven process and framework for introducing experienced investors to entrepreneurs whose junior growth companies are looking for both capital and management experience. The Transaction is intended to constitute the "Qualifying Transaction" of the Company as such term is defined in Policy 2.4 - "Capital Pool Companies" (the "Policy") of … merger transaction with a privately held company or business, referred to as a Qualifying Transaction. The Company will issue a news release once the TSXV issues the Exchange Bulletin advising of the … The Transaction is intended to constitute the Company’s Qualifying Transaction under Policy 2.4 – Capital Pool Companies of the TSXV Venture Exchange (the “ Exchange ”). process, a new company (known as a “Capital Pool Company”) is listed on the TSXV by way of an initial public offering. Sumner, Australia and Toronto, Ontario--(Newsfile Corp. - April 13, 2021) - Graphene Manufacturing Group Ltd. (formerly Graphene Manufacturing Group Pty Ltd.) ("GMG" or the "Company") and Cuspis Capital Ltd. (TSXV: CUSP.P) ("Cuspis") are pleased to announce that they have completed their previously announced qualifying transaction (the "Transaction") under TSX Venture Exchange … Dash is a "capital pool company" which completed its initial public offering on May 14, 2021. Significant Assets are one or … The second stage involves the completion of a “Qualifying Transaction” which, ‎generally speaking, is a ‎transaction whereby the CPC acquires an asset or business which ‎allows the CPC to meet the Initial ‎Listing Requirements of the TSXV, thereby elevating it from a ‎CPC designation to a regular Tier 1 or Tier ‎‎2 listing on the TSXV. The Company believes that the removal of the requirement to complete a Qualifying Transaction within 24 months of Listing Date, and the associated consequences of not completing such requirement, as exists under Policy 2.4, will put the Company in a better position to complete a Qualifying Transaction that will be beneficial to the Shareholders and the Company, by allowing … Within 24 months of listing on the TSX, the capital pool company must complete a qualifying transaction or face delisting. CPCs may also now loan up to the greater of $250,000 or 20% of the CPC’s working capital to a Target Company in a Qualifying Transaction. As a result, at the opening on Friday, May 7, 2021, the company will no longer be considered a capital pool company. Dona Blanca is a psychoactive and non-psychoactive cannabis producer in Colombia with granted … The CPC Program allows seasoned directors and officers to create companies, or CPCs, with no assets (other than cash) and no commercial operations but with a mandate to pursue transactions … To date Plymouth has not completed a Qualifying Transaction (“QT”) as … Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the TSXV unless exempt in accordance with the Policies. The CPC then uses the funds raised via its initial seed financing and its CPC offering to identify, evaluate and acquire existing assets or businesses through a "qualifying transaction" ("QT"). The CPC Program, with its origins in the junior mining and oil and gas industries, has long been a favoured vehicle for early stage access to public capital, facilitating the growth and development of projects through the CPC's qualifying transaction process. The TSX Venture Exchange has accepted for filing NBS Capital Inc.'s qualifying transaction (QT), as described in its filing statement dated April 20, 2021. The Qualifying Transaction was completed by way of a three-cornered amalgamation pursuant to which, among other things, (i) Magna amalgamated with 2813443 Ontario Inc., a wholly-owned subsidiary of the Company, pursuant to the provisions of the Business Corporations Act (Ontario) and continued as an amalgamated corporation under the name “Magna Mining (Canada) Corp.” … This capital is used to write up an investment prospectus and do due diligence on target companies to execute a reverse take over transaction (also known as a Qualifying Transaction “QT”). Updated Jun 5, 2018. A qualifying transaction is a transaction where a capital pool company (CPC) acquires significant assets, other than cash, such as a private business or businesses. Although a purely Canadian investment structure, the Program functions similar to ‘blank check’ underwriting deals in the United States, also known as ‘blind pools.’ Under the Program, private companies are introduced to the market through a two-step program: (1) listing a capital pool company ( CPC ), and (2) completing a ‘qualifying transaction’. Hansco intends to apply for an exemption from the sponsorship requirements under section 3.4 of Exchange Policy 2.2 or a waiver of sponsorship if an exemption from sponsorship is … It also aims to address novel issues that have arisen from a busy period for SPACs in 2020 and 2021. news releases. It does not own any assets, other than cash or cash equivalents and its rights under the definitive agreement. Resulting Issuers … The weak performance hypothesisThe operational performance of RIs should be weak for three reasons: 1) the poor quality of firms that use this program, as explained above; 2) the lack of correctly … MJ Innovation Capital Corp. The common shares of Dash ... carried out by parties dealing at arm's length to one another and therefore will not be considered a "Non-Arm's Length Qualifying Transaction" as such term is defined in the CPC Policy. Graphene Manufacturing Group and Cuspis Capital Announce Closing of Qualifying Transaction By Troy ... Cuspis will no longer be a capital pool company, and the Company will be classified as a Tier 1 Industrial Issuer pursuant to TSXV policies, trading under the symbol "GMG". Includes contact, share capital and geographic region information. As a result, a special meeting of the shareholders of Dash is not required by the … Sponsorship of a Qualifying Transaction of a Capital Pool Company is required by the TSXV unless exempt in accordance with the Policies. Subject to such final approval, the Company will no longer be a capital pool company and will be classified as a Tier 2 Mining Issuer pursuant to TSXV policies trading under the symbol "NSC". Sponsorship for Qualifying Transaction. Calgary, Alberta--(Newsfile Corp. - May 18, 2021) - Global Investments Capital Corp. (TSXV: GLIN.P) ("Global" or the "Company"), a capital pool company listed on the TSX Venture Exchange ("TSXV" or the "Exchange"), announces that, pursuant to recent changes by the TSXV to its Capital Pool Company program and TSXV Policy 2.4 - Capital Pool Companies ("Policy 2.4"), which … TCAP intends to apply for an exemption from sponsorship requirements; however, there is no assurance that it will be able to obtain this exemption. About Dona Blanca. CPCs In Process and Former CPCs can Benefit from the New Rules. Vancouver, British Columbia--(Newsfile Corp. - May 29, 2020) - Daura Capital Corp. (TSXV: DUR.P) (the "Company" or "Daura"), a capital pool company listed on the TSX Venture Exchange (the "TSXV") is pleased to provide an update on the status of its proposed qualifying transaction (the "Qualifying Transaction… Effective January 1, 2021, the TSX Venture Exchange’s (TSXV) Capital Pool Company Program (the CPC Program) will undergo several key policy changes (the CPC Amendments), reflecting the first significant update in 10 years. The TSX Venture Exchange Inc. has in no way passed upon the merits of the Proposed Transaction and has neither approved nor disapproved the contents of this press release. has 24 months to identify a private company to merge with and exchange shares through The purpose of a capital pool company is to find and acquire an active business. Hansco intends to apply for an exemption from the sponsorship requirements under section 3.4 of Exchange Policy 2.2 or a waiver of sponsorship if an exemption from sponsorship is … Dash is a "capital pool company" which completed its initial public offering on May 14, 2021. It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Justify pursuant to Policy 2.4 - Capital Pool … Sponsorship of a Qualifying Transaction of a capital pool company is required by the Exchange unless an exemption from the sponsorship requirement is available. Stage 1. For more information on CPCs: TSX Venture Policy 2.4 – Capital Pool Companies; Guide to the Capital Pool Company Program; Currently Available Capital Pool Companies; If you have an active business and are considering a reverse take-over by a public … TORONTO, May 31, 2021 (GLOBE NEWSWIRE) — Playmaker Capital Inc. (formerly capital pool company Apolo III Acquisition Corp.) (the “Corporation”) (TSXV: PMKR) is pleased to announce that, further to its comprehensive news release dated April 19, 2021, it has completed the acquisition (the “Qualifying Transaction”) of all of the issued and outstanding securities of Playmaker Capital Inc. (“Old Playmaker”) constituting its “Qualifying Transaction” … The Capital Pool Company (CPC) Program is a unique Canadian invention that supports earlier stage private companies to complete a go public transaction. Click for live demo. Real-time Level 2 Market Depth. 2021-05-05 16:57 ET - Qualifying Transaction . Currently, under the Exchange's Policy 2.4 - Capital Pool Companies (as at June 14, 2010) (the "Former Policy") there are certain consequences if a Qualifying Transaction … and assets with a view to completing a Qualifying Transaction. Once the CPC has completed its Qualifying Transaction and acquired an operating business that meets TSXV requirements, its shares trade as a regular listing on the TSXV. The Company is a Capital Pool Company (“ CPC ”). Within 24 months of listing on the TSX, the capital pool company must complete a qualifying transaction or face delisting. The qualifying transaction is an agreement to purchase a company and incorporate its shares into the public company, similar to a reverse takeover. It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Dash pursuant to Policy 2.4 - Capital Pool Companies (the "CPC Policy") of the TSXV. Unilock is a capital pool company created pursuant to the policies of the TSX-V. Announces Update to Proposed Qualifying Transaction. Sponsorship of a Qualifying Transaction of a capital pool company is required by the TSXV unless waived in accordance with TSXV policies. For further background on the NEO G-Corp program, see our April 16, 2021 Update, NEO Exchange Announces New Capital The Company will make further announcements with respect to these efforts as soon as practically possible. On December 1, 2020, the TSX Venture Exchange announced significant changes to its Capital Pool ‎Company program, which we expect to be well-received by participants in the CPC program.‎ Subject to the receipt of all requisite regulatory approvals, the amendments to the TSXV’s Corporate Finance ‎Manual will become effective on January 1, 2021. The Capital Pool Company Process. The transaction will constitute as VLCTY’s “Qualifying Transaction” (QT). Sponsorship of a Qualifying Transaction of a capital pool company is required by the Exchange unless exempt in accordance with Exchange policies or unless a waiver is granted by the Exchange. A Qualifying Transaction is a transaction where a CPC acquires Significant Assets, other than cash. TCAP intends to … Hemptown Organics, a diversified hemp company doing business as Hemptown USA, today provided an update further to its previous news releases on the proposed acquisition of Hemptown by Spectre Capital Corp. (TSX.V: SOO.P), a capital pool company listed on the TSX Venture Exchange.According to the update, the transaction, once complete, is expected to result in the … The qualifying transaction … VANCOUVER, BC, Jan. 26, 2021 /CNW/ – Pontus Protein Ltd. (“Pontus” or the “Company“) (TSXV: HULK), formerly known as “AmWolf Capital Corp.” (“AmWolf“), is pleased to announce that it has completed its previously announced Qualifying Transaction, as defined under TSX Venture Exchange (the “Exchange“) Policy 2.4 – Capital Pool Companies (“Policy 2.4“), with 42 … The Company is incorporated under the British Columbia Business Corporations Act and has a head office in Vancouver, British Columbia. At least three individuals with an appropriate combination of business and public company … At this stage, the CPC is not listed on the TSX Venture Exchange. Graphene intends to use the proceeds of the offering for general working capital purposes; Cuspis is a capital pool company; Cuspis Capital (CUSP.P) closed trading at $0.135 per share; Graphene Manufacturing Group has completed its acquisition of Cuspis Capital in a qualifying transaction between the companies. Upon completion of the qualifying transaction, the company ceases to be a CPC and trades as a regular TSX Venture Exchange listed company. The Proposed Transaction is expected to constitute MJ's "qualifying transaction" pursuant to the policies of the TSX Venture Exchange (the "TSXV" or the "Exchange"). Calgary, Alberta--(Newsfile Corp. - May 31, 2021) - Pathway Health Corp. (TSXV: PHC) (formerly Colson Capital Corp.) ("Pathway" or the "Company") is pleased to announce that it has received conditional approval from the Exchange for the closing of, and has completed its previously announced "Qualifying Transaction" (as defined in Policy 2.4 of the TSX Venture Exchange (the … Yuntone Realty Capital Corp. is a capital pool company ("CPC") as defined by Exchange Policy 2.4 ("Policy 2.4") and the shares were listed for trading under the trading symbol "YTC.H". About Israel Capital Canada Corp. Sponsorship for Qualifying Transaction. Daura intends to apply for a … It is intended that the Transaction, when completed, will constitute the "Qualifying Transaction" of Dash pursuant to Policy 2.4 - Capital Pool Companies (the "CPC Policy") of the TSXV. Cuspis Capital Ltd. (TSXV: CUSP) ("Cuspis" or the "Corporation"), a capital pool company as defined under TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies ("Policy 2.4"), is pleased to announce, further to its press releases of August 19, August … Daura Capital Corp. The Transaction, once complete, is expected to result in the reverse takeover of Spectre and will constitute Spectre’s Qualifying Transaction under Policy 2.4 – Capital Pool Companies of the Exchange (the “CPC Policy”). Trading in the securities of a capital pool company should be considered highly speculative. In stage two (the “Qualifying Transaction”), the Capital Pool Company acquires an asset or completes a transaction with a private business which results in the listing of the acquired business on the TSXV. The common shares of Dash ... carried out by parties dealing at arm's length to one another and therefore will not be considered a "Non-Arm's Length Qualifying Transaction" as such term is defined in the CPC Policy. Resulting Issuers are no longer prohibited from completing a reverse take-over transaction in the first year following a Qualifying Transaction. If completed, the Proposed Transaction would constitute an arm's length "Qualifying Transaction" for the Company, as such term is defined in Policy 2.4 – Capital Pool … Sponsorship for Qualifying Transaction. The transaction will constitute as Platform 9’s Qualifying Transaction (QT). CPE News (3/19/2021) – VLCTY Capital Inc. (TSX-V: VLCY.P), a capital pool company (CPC), and BuildDirect.com Technologies Inc. have entered into a binding letter of intent (LOI) pursuant to which VLCTY and BuildDirect will complete a transaction that will result in a reverse take-over (RTO) of VLCTY by BuildDirect.. ACC completed its Initial Public Offering on August 30, 2019 and is classified as a Capital Pool Company (“CPC”) as defined in the TSXV Policy 2.4. This investment is referred to as the CPC’s Qualifying Transaction. Whatcom Capital Corp. 4.2. TORONTO, May 31, 2021 (GLOBE NEWSWIRE) -- Playmaker Capital Inc. (formerly capital pool company Apolo III Acquisition Corp.) (the “Corporation”) (TSXV: PMKR) is pleased to announce that, further to its comprehensive news release dated April 19, 2021, it has completed the acquisition (the “Qualifying Transaction”) of all of the issued and outstanding securities of Playmaker Capital Inc. (“Old Playmaker”) constituting its “Qualifying Transaction… CPCs may also now loan up to the greater of $250,000 or 20% of the CPC’s working capital to a Target Company in a Qualifying Transaction. Articles @newsfile/mj-innovation-capital-corp-announces-qualifying-transaction channel Get CEO.CA Pro. If the acquired business can meet the minimum listing The Aird & Berlis Capital Pool Company/Reverse Takeover Group has a wealth of knowledge and experience in assisting clients with their qualifying transactions onto the TSX Venture Exchange (TSXV) or the Toronto Stock Exchange through the TSXV Capital Pool Company (CPC) program or their reverse takeovers onto the Canadian Securities Exchange or NEO Exchange.

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