TORONTO, March 11, 2021 /CNW/ - CANACCORD GENUITY
GROWTH II CORP. (TSX: CGGZ.UN) (NEO: CGGZ.UN) (the
"Corporation") announced today that it has mailed the
notices of meeting, management information circular (the
"Circular") and forms of proxy (the "Meeting
Materials") in connection with a special meeting of the
shareholders of the Corporation to be held virtually at
10:00 am (Toronto time) on Tuesday, March 30, 2021 (the "Shareholder
Meeting") and an extraordinary meeting of the warrantholders of
the Corporation (the "Warrantholders") to be held virtually
at 11:30 am (Toronto time) on Tuesday, March 30, 2021 (the "Warrantholder
Meeting", and together with the Shareholder Meeting, the
"Meetings"). The Meetings are being held in connection with
the Corporation's proposed qualifying transaction with Taiga Motors
Inc. (the "Qualifying Transaction"). Copies of the Meeting
Materials have been filed on the Corporation's SEDAR profile at
www.sedar.com.
At the Shareholder Meeting, holders of the Class A restricted
voting shares and the Class B shares of the Corporation (together,
the "Shareholders") will vote on (i) a resolution
authorizing a consolidation of the issued and outstanding common
shares of the Corporation (the "Common Shares") on the basis
of five (5) pre-consolidation Common Shares for each one (1)
post-consolidation Common Share to take place immediately after
closing of the Qualifying Transaction (the "Closing"); (ii)
a resolution authorizing the change of name of the Corporation to
"Taiga Motors Corporation"; and (iii) a resolution authorizing the
board of directors of the Corporation to adopt an omnibus equity
incentive plan, the full text of which is set out in Appendix B of
the Circular. Each of the foregoing resolutions will be conditional
upon Closing. In addition, holders of the Class A restricted voting
shares will vote on a resolution to extend the date by which the
Corporation has to consummate a qualifying transaction from
April 5, 2021 to May 31, 2021 (the "Extension"), if
necessary (the "Extension Resolution").
At the Warrantholder Meeting, Warrantholders will vote on a
resolution to authorize the Corporation to enter into a
supplemental warrant agency agreement with Odyssey Trust Company to
authorize the consolidation of the warrants of the Corporation on
the basis of five (5) pre-consolidation warrants for each one (1)
post-consolidation warrant, substantially in the form set out in
Appendix A of the Circular. The foregoing resolution will be
conditional on Closing.
In connection with the Shareholder Meeting, the Corporation will
provide holders of Class A restricted voting units (the "Class A
Restricted Voting Units") with the opportunity to deposit for
redemption all or a portion of their Class A Restricted Voting
Units, irrespective of whether such holders voted for or against,
or did not vote on, the Extension Resolution, provided that they
deposit their units for redemption prior to the second business day
before the date of the Shareholder Meeting, being March 26, 2021.
Holders of Class A Restricted Voting Units whose Class A
Restricted Voting Units are held through an intermediary may have
earlier deadlines for depositing their Class A Restricted Voting
Units pursuant to the redemption right. If the deadline for
depositing such units held through an intermediary is not met by a
holder of Class A Restricted Voting Units, such holder's Class A
Restricted Voting Units may not be eligible for redemption.
Additional important information for Shareholders and
Warrantholders relating to, among other things, the business of the
Meetings, background of the Meetings, redemption rights (with
respect to holders of the Class A Restricted Voting Units), voting
procedures, the appointment and registration of proxyholders and
how to attend and participate at the Meetings are set out in the
Meeting Materials. Shareholders and Warrantholders should read such
materials carefully.
About Canaccord Genuity Growth II Corp.
Canaccord Genuity Growth II Corp. is a special purpose acquisition
corporation incorporated under the laws of the Province of
British Columbia for the purpose
of effecting an acquisition of one or more businesses or assets, by
way of a merger, amalgamation, arrangement, share exchange, asset
acquisition, share purchase, reorganization, or any other similar
business combination involving the Corporation that will qualify as
its "qualifying transaction". For more information regarding the
Corporation, see the Corporation's most recent annual information
form, financial statements, management's discussion & analysis
and other continuous disclosure documents periodically filed on
SEDAR.
Forward–Looking Statements
This press release may
contain forward–looking information within the meaning of
applicable securities legislation, which reflects the Corporation's
current expectations regarding future events. Forward–looking
information is based on a number of assumptions and is subject to a
number of risks and uncertainties, many of which are beyond the
Corporation's control, that could cause actual results and events
to differ materially from those that are disclosed in or implied by
such forward–looking information. The Corporation does not
undertake any obligation to update such forward–looking
information, whether as a result of new information, future events
or otherwise, except as expressly required by applicable
law.
SOURCE Canaccord Genuity Growth II Corp.