As publicly traded companies, the success of Special Purpose Acquisition Companies (SPACs), largely depend on their initial structuring and precise deal execution. Goodmans market leading experience allows us to creatively structure SPACs in anticipation of the issues that will be faced during a qualifying acquisition ("QA"), and execute qualifying acquisitions quickly and efficiently.
We have acted on a majority of Canadian SPAC transactions, and played a leading role in shaping Canada’s SPAC sector since its inception. We authored the Toronto Stock Exchange’s initial Guide to Special Purpose Acquisition Corporations when SPACs were first introduced to Canada.
Our SPAC firsts include:
- first SPAC to list in both Canada and the US
- first industry-focused SPAC
- first SPAC to acquire multiple businesses concurrently
- first SPAC sponsored by an investment bank
- first cross-border SPAC QA
- first REIT SPAC
- first SPAC pre-structured multi-voting share structure
Among the novel structures we helped to pioneer, are the first SPAC to staple its warrants to its common shares to reduce redemption risk, the first SPAC structure as a non-corporate entity, and the first SPAC QA involving a public company target and four stock exchanges in three countries.
A key success factor for a SPAC is minimizing the time from QA announcement to regulatory clearance. Clients choose Goodmans because our extensive experience with SPACs allows us to facilitate quick and efficient IPOs and QAs that get our clients to market on their timeline and minimizing execution risk.
Capital MarketsGoodmans LLP acted for Canaccord Genuity Growth II Corp. (CGGC2) in relation to its qualifying transaction with Taiga and on a concurrent $100 million private placement…
Capital MarketsGoodmans LLP represented Mercer Park Brand Acquisition Corp. (“BRND”) in connection with its initial public offering of U.S. $402,500,000 of Class A Restricted Voting Units (including U.S…
Banking and Financial ServicesGoodmans LLP represented Canaccord Genuity Acquisition Corp. (TSX: CGAC.UN, CGAC.WT) (CGAC), a special purpose acquisition corporation, in connection with its qualifying acquisition and merger with…
Gibraltar Growth Corporation Completes Qualifying Acquisition of LXR Produits de Luxe International –The Final Qualifying Acquisition of Canada’s “First Generation” SPACsGoodmans LLP represented Gibraltar Growth Corporation (TSX: GBG.A, GBG.WT) (Gibraltar Growth), a special purpose acquisition corporation (SPAC), in the completion of its qualifying acquisition of…
Kew Media Group Concurrently Acquires Eleven Companies to Create a Global Media Platform - the First Qualifying Acquisition by a Specialty SPAC in CanadaGoodmans LLP represented Kew Media Group Inc. (TSX: KEW) (Kew), a special purpose acquisition corporation (SPAC), in its creation of one of the world’s most significant independent content platforms…
SPACSGoodmans LLP represented Acasta Enterprises Inc. (“Acasta”) in the completion of its $1.2 billion qualifying acquisition of 100 per cent of Apollo Health & Beauty Care Partnership…
News & Events
Mergers and Acquisitions
Allan Goodman and David Coll-Black at World Law Group's Understanding SPAC Transactions: What it Takes to be "SPAC Ready"Join Goodmans partners Allan Goodman and David Coll-Black for an upcoming World Law Group webinar - Understanding SPAC Transactions: What it Takes to Be “SPAC Ready" on June 24 at 9:00 am EST. This…
SPACSStephen Pincus, Partner, Goodmans LLP joins "The SPAC Boom and the Evolution of the Exit" panel at Invest Canada '21. The resurgence of Special Purpose Acquisition Companies (SPAC) as an exit tool in…
Stephen Pincus interviewed in "Perspectives on the Canadian SPAC Market", Insight Information's CAiPStephen Pincus was recently interviewed by Insight Information's CAiP for his perspectives on the Canadian SPAC Market:While the U.S. market for SPACs (special purpose acquisition companies…