NEO Announces Public Markets Debut of the First-Ever G-Corp™

Canaccord Genuity G Ventures Corp. becomes the first issuer to launch a publicly-traded Growth Acquisition Corporation™

TORONTO–(BUSINESS WIRE)–$CGGV.UN #GCorpNEO is excited to announce that Canaccord Genuity G Ventures Corp. (“CGGV”), a newly-formed Growth Acquisition Corporation™ (“G-Corp™”), launched today on the NEO Exchange, marking the first-ever G-Corp to go public. Having closed a $15,000,000 initial public offering, CGGV is now trading its Class A restricted voting units under the symbol NEO:CGGV.UN.

In April of this year, NEO announced a pilot program for the G-Corp, a new go-public vehicle enabling high-potential growth companies to access capital and go public with significantly reduced risks compared to other public listing strategies. Designed by NEO to provide companies with an innovative way to raise capital, the G-Corp specifically addresses the needs of earlier stage companies that aspire to list on a Tier 1 stock exchange and that are typically not targeted by the much larger Special Purpose Acquisition Companies (SPACs).

The structure of the G-Corp leverages the existing structure of NEO’s successful SPAC program, and ensures a rigorous review process and investor protection to deliver quality transactions.

“We identified a glaring gap in the capital markets for acquisition corporations, and we filled that gap with the G-Corp. It’s a true game changer for high-quality growth companies, which are out there in large numbers, and it makes investing in acquisition corporations accessible to a much larger community of investors,” explained Jos Schmitt, President & CEO of NEO. “We’ve worked closely with the team at Canaccord Genuity G Ventures Corp. to bring this first listing to fruition. With a carefully-defined acquisition strategy backed by a capable leadership team, CGGV is well-positioned for success. We are excited to be a part of their capital markets journey as they seek a qualifying transaction to create sustainable value for their shareholders.”

“We congratulate NEO for expanding its offering in support of a larger pool of entrepreneurs and growing businesses,” commented Michael Shuh, Managing Director and Head of Structured Finance at Canaccord Genuity. “This new listing vehicle augments the opportunities available to support the increased demand by high-potential growth companies to access the public markets.”

Investors can trade shares of CGGV.UN through their usual investment channels, including discount brokerage platforms and full-service dealers. The NEO Exchange is home to over 150 corporate and ETF listings, and consistently facilitates close to 15% of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About the NEO Exchange

The NEO Exchange is a Tier 1 Canadian stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

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About Canaccord Genuity G Ventures Corp.

Canaccord Genuity G Ventures Corp. is a newly organized growth-focused special purpose acquisition corporation incorporated under the laws of the Province of Ontario for the purpose of effecting a qualifying transaction within a specified period of time.

All rights reserved. Aequitas Innovations Inc., the parent company of Neo Exchange Inc., has pending applications to register Growth Acquisition Corporation and G-Corp as trademarks. Used under license by the Neo Exchange Inc.


NEO Media Contact:
Joanne Kearney

P: 416.804.5949

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