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Goodmans Deals & Cases

This section contains brief summaries of selected significant cases and transactions.  You'll also find representative lists  - by year - of major transactions and cases where Goodmans' involvement is a matter of public record or where inclusion in the list has been authorized by our clients.

VM Hotel Acquisition Corp completes IPO on TSX

2021

Areas Corporate Finance and Securities

Summary

Goodmans LLP represented VM Hotel Acquisition Corp. (“VMH”) in connection with its initial public offering of 10,000,000 Class A Restricted Voting Units offered at a price of U.S.$10.00 per unit for total gross proceeds of U.S.$100,000,000. The proceeds from the distribution of the Class A Restricted Voting Units were deposited into an escrow account and will be released upon certain prescribed conditions, as further described in the final prospectus dated February 23, 2021.

VMH is a newly organized special purpose acquisition corporation formed for the purpose of effecting an acquisition of one or more businesses or assets within a specified period of time (a “Qualifying Acquisition”). VMH intends to acquire U.S.A or Canadian-located hotel or resort properties as its Qualifying Acquisition as part of its strategic objective to aggregate a North American portfolio of high quality hotel and resort properties and/or related assets and/or businesses; however, it is not limited to a particular industry or geographic region for purposes of completing its Qualifying Transaction.