TORONTO, March 30, 2021 /CNW/ - CANACCORD GENUITY
GROWTH II CORP. (TSX: CGGZ.UN) (NEO: CGGZ.UN) (the
"Corporation") announced today that all the resolutions put
to shareholders at the Corporation's special meeting of
shareholders (the "Shareholders Meeting") and the resolution
put to warrantholders at the Corporation's extraordinary meeting of
warrantholders (the "Warrantholders Meeting" and together
with the Shareholders Meeting, the "Meetings"), both held
virtually on March 30, 2021, were
approved. The Meetings were held in connection with the
Corporation's proposed qualifying transaction with Taiga Motors
Inc. (the "Qualifying Transaction").
The Corporation announced that (i) the 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) the resolution
authorizing the change of name of the Corporation to "Taiga Motors
Corporation"; and (iii) the 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, were each approved by the affirmative vote of 99.99%,
99.99%, and 85.85%, respectively, of the votes represented at the
Shareholders Meeting. Each of the foregoing resolutions are
conditional upon Closing. In addition, the resolution to extend the
date by which the Corporation has to consummate a qualifying
transaction from April 5, 2021 to
May 31, 2021 was approved by the
affirmative vote of 95.06% of the votes represented by the
holders of the Class A restricted voting shares at the Shareholders
Meeting.
The 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, was approved by the affirmative vote of
99.89% of the votes represented by the holders of warrants at the
Warrantholders Meeting. The foregoing resolution is also
conditional on Closing.
A copy of the complete report on voting at the Meetings will be
made available under the Corporation's profile on SEDAR at
www.sedar.com.
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.