All amounts expressed in Canadian dollars (C$)
unless otherwise noted.
TORONTO, March 29, 2021 /CNW/ - CANACCORD GENUITY
GROWTH II CORP. (TSX: CGGZ.UN) (NEO: CGGZ.UN) (the
"Corporation") announced today that, having obtained a
receipt for its final prospectus dated March
26, 2021 (the "Final Prospectus") with respect to its
Qualifying Transaction (as defined below), the Corporation
anticipates that the Qualifying Transaction will close during the
week of April 19, 2021.
The Final Prospectus, which was filed with the securities
regulatory authorities in each of the provinces and territories of
Canada, which contains details of
the Corporation's proposed merger with Taiga Motors Inc.
("Taiga") (the "Qualifying Transaction"), and is
available on SEDAR at www.sedar.com. The Corporation will mail the
Final Prospectus to holders of the Class A restricted voting units
(the "Class A Restricted Voting Units") of the Corporation
over the course of the coming days.
In connection with the Qualifying Transaction, holders of Class
A Restricted Voting Units have the right to redeem all or a portion
of their Class A Restricted Voting Units, provided that they
deposit their Class A Restricted Voting Units prior to 5:00
p.m. (Toronto time) on
April 19, 2021 (or such other date as
announced by the Corporation by way of news release), in accordance
with the instructions contained in the notice of redemption (the
"Notice of Redemption"). The Notice of Redemption will be
mailed to all holders of the Class A Restricted Voting Units and
will be made available on SEDAR at www.sedar.com.
Advisors
Goodmans LLP is acting as legal counsel to the Corporation.
Canaccord Genuity Corp. and National Bank Financial Inc.
("NBF") are acting as lead agents on the Private Placement,
and Stikeman Elliott LLP is acting as legal counsel to the lead
agents. NBF is also acting as sole financial advisor to Taiga.
Fasken Martineau DuMoulin LLP is acting as legal counsel to
Taiga.
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, including the closing date of the Qualifying Transaction.
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.