E Automotive IPO

Goodmans LLP acted for E Automotive Inc. d/b/a E Inc. ("E Inc." or the "Company") (TSX: EINC), which goes to market under the brands EBlock and EDealer, in connection with its initial public offering (the "Offering") of 5,900,000 common shares at a price of C$23.00 per share for gross proceeds of C$135,700,000.

The Offering was upsized from an initial size of C$125,000,000 as a result of excess demand.

The common shares of the Company began trading on the Toronto Stock Exchange on November 3, 2021 under the symbol "EINC".

E Inc. anticipates using the net proceeds from the Offering to strengthen its balance sheet, increase its working capital and further its growth initiatives.

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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
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