April 21, 2021

Canaccord Genuity Growth II Corp.'s Qualifying Transaction with Taiga Motors Inc.

Goodmans LLP acted for Canaccord Genuity Growth II Corp. (CGGC2) in connection with its qualifying transaction with Taiga Motor Inc. and on a concurrent $100 million private placement.

In connection with the closing of the qualifying transaction, CGGC2 changed its name to "Taiga Motors Corporation" and consolidated its common shares and share purchase warrants. Goodmans successfully advised CGGC2 from the IPO stage to the completion of their qualifying acquisition.

Goodmans LLP played a key role in designing the unique features of Canaccord’s SPAC model, which apply to this transaction. The transaction includes a highly successful $100 million private placement (PIPE) raised to fund Taiga's growth from a large number of investors.

"Goodmans has deep experience in capital markets and in the REIT space. Their service and responsiveness levels are also very high." — Chambers Canada
Goodmans LLP houses a full-service capital markets practice... Among its core strong suits, the group is arguably best known for its strength in SPACs, REITs and IPOs... — The Legal 500 Canada
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A prominent player in REITs and SPAC-related offerings, also bearing an impressive record in cross-border and cannabis-related matters. — The Legal 500 Canada
Clients note, "They have an exceptional ability to understand the root of the issue and figure out realistic, step-by-step approaches to solve problems." — Chambers Canada
A distinguished practice valued for advising major REITs and financial institutions on innovative capital markets transactions. — Chambers Canada
On the Capital Markets group, one client says, "deep strength and expertise at all levels...nothing can replace stability and the fact that I have worked with Goodmans on both sides of the table since the early 2000’s." — Legal 500 Canada
One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
Clients comment Goodmans Capital Markets team has "Deep experience, based upon decades of leadership in the sector." — IFLR1000
A client notes, "The lawyers that I have worked with at Goodmans are extremely professional, knowledgeable, creative and excellent service providers. The matters that we have worked on were extremely complicated and required high level of ability to combine understanding of our business objectives with legal analysis." — IFLR1000
Clients note the team's "institutional knowledge is very deep" and stated: "It's like they're part of the team they work with. They're extremely responsive." — Chambers Global

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Canaccord Genuity Growth II Corp.'s Qualifying Transaction with Taiga Motors Inc.

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