News & Analysis as of

Initial Public Offering (IPO) Canada Special Purpose Acquisition Companies (SPACs)

Bennett Jones LLP

What Does the SPAC IPO Rebound Mean for Cross-Border Deals?

Bennett Jones LLP on

The start of 2025 has seen an uptick in special purpose acquisition company (SPAC) initial public offering (IPO) activity in the United States as the broader market grapples with political and economic volatility and...more

Dorsey & Whitney LLP

Canadian CPCs, SPACs, and Shells Should Be Careful to Avoid U.S. Investment Company Status

Dorsey & Whitney LLP on

On January 24, 2024, the SEC issued new guidance on when a special purpose acquisition company (SPAC) may run afoul of the U.S. Investment Company Act (the Act). While this guidance was directed at SPACs that register or file...more

Bennett Jones LLP

Routes to the Public Markets in Canada: IPO, SPAC, CPC or RTO

Bennett Jones LLP on

Much has been written about when a business should go public and the considerations that inform that choice. Assuming the decision to go public has been made, second in importance to that determination is how a private...more

Bennett Jones LLP

Canada Cross-Border De-SPAC Transactions: What U.S.-Listed SPACs and Canadian Companies Need to Know

Bennett Jones LLP on

Key Highlights - - SPAC IPO activity has declined but de-SPAC transactions have proven resilient. - U.S.-listed SPACs are searching for targets internationally, creating opportunities for Canadian companies. - Key...more

Dorsey & Whitney LLP

Cross-Border de-SPAC Structures

Dorsey & Whitney LLP on

More special purpose acquisition vehicles (common known as “SPACs”) completed their initial public offering (“IPO”) in 2021 than in any prior year. In 2021, approximately 613 SPACs completed their IPO within the United States...more

Blake, Cassels & Graydon LLP

Les SAVS sont les nouveaux PAPE

Au cours des deux dernières années, les sociétés d’acquisition à vocation spécifique (« SAVS ») ont suscité un intérêt considérable. Réunissant des capitaux records et attirant des investisseurs et des fondateurs de premier...more

Blake, Cassels & Graydon LLP

SPACs: An Attractive Alternative to a Traditional IPO

In the past two years, SPACs — short for special purpose acquisition companies — have created considerable buzz. Raising record sums and drawing high-profile investors and founders, these “blank-cheque” or “blind pool”...more

Blake, Cassels & Graydon LLP

New TSX Rules Governing Special Purpose Acquisition Corporations Now in Effect

The Toronto Stock Exchange (TSX) announced amendments (Amendments) to Part X — Special Purpose Acquisition Corporations (SPACs) of the TSX Company Manual (Manual), which came into effect on October 4, 2018. Notable changes to...more

Blake, Cassels & Graydon LLP

TSX Seeks Input on Proposed Changes to Rules Governing Special Purpose Acquisition Corporations

The Toronto Stock Exchange (TSX) recently released proposed amendments (Proposed Amendments) to Part X — Special Purpose Acquisition Corporations (SPACs) of the TSX Company Manual (Manual). Notable changes include codifying...more

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