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.

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
"The team is very professional, solves problems efficiently and is very hard-working. It is a great pleasure and privilege to work with the team on cross-border transactions and multi-jurisdictional projects." — Legal 500 Canada
It is one of our trusted and preferred legal firms when we go to select specific counsel. It is a leader in capital markets, and we trust the group's view and know that it works well. — Chambers Canada
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
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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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