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Exchange Bulletin

NextPoint Acquisition Corp. (NAC.V) To Trade On Toronto Stock Exchange


August 7, 2020
Issuer: NextPoint Acquisition Corp. (the "Company")
Security: Class A Restricted Voting Units
Symbol(s): NAC.V
Number of securities issued and outstanding: 20,000,000
Number of securities reserved for issuance: 3,000,000
Listing category: Special Purpose Acquisition Corporation, Non-Exempt
Trading currency: US$
Transaction: Initial public offering ("Offering") of Class A Restricted Voting Units for US$10.00 per unit. Each Class A Restricted Voting Unit consists of one Class A Restricted Voting Share and one-half of a Warrant. The Class A Restricted Voting Units will separate into Class A Restricted Voting Shares and Warrants 40 days following the closing of the Offering (or the next trading day, if the 40th day is not a trading day). Upon separation of the Class A Restricted Voting Units, the Class A Restricted Voting Shares and the Warrants will be listed on TSX. A further bulletin will be issued confirming the separation date of the Class A Restricted Voting Units and the trading information of the Class A Restricted Voting Shares and Warrants. Upon the closing of a Qualifying Acquisition (as such term is defined below), each Class A Restricted Voting Share would, unless previously redeemed, be automatically converted into one Common Share. Each whole Warrant entitles the holder to purchase one Class A Restricted Voting Share (and upon closing of a Qualifying Acquisition, each Warrant would represent the entitlement to purchase one Common Share). The Warrants will become exercisable, at an exercise price of US$11.50 per share, only commencing 65 days after the completion of the Qualifying Acquisition and will expire at 5:00 p.m. (Toronto time) on the day that is five years after the completion of the Qualifying Acquisition or may expire earlier if a qualifying acquisition does not occur within the Permitted Timeline or if the expiry date is accelerated.
Listing date: August 10, 2020 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: August 11, 2020 (prior to the opening)
Posted for trading date: August 11, 2020 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: TD Securities Inc.
Security ownership registration: Non-certificated inventory system of CDS
Investor relations: Frank Amato,
Chief Financial Officer
(914) 614-5626
famato@nextpointacquisition.com  
Incorporation: Business Corporations Act
(British Columbia) on July 16, 2020
Fiscal year end: December 31
Nature of Business: The Company is a newly organized special purpose acquisition corporation incorporated for the purpose of effecting, directly or indirectly, 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 Company with a focus on the alternative lending and financial services sector (the "Qualifying Acquisition"). However, the Company is not limited to a particular industry or geographic region for the purposes of completing the Qualifying Acquisition.
Transfer agent and registrar: TSX Trust Company, at its office in Toronto
Dividends: The Company does not currently anticipate paying dividends prior to the completion of the Qualifying Acquisition.
Sponsorship: Waived
Disclosure document: Prospectus dated August 5, 2020 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange.