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Exchange Bulletin

Canaccord Genuity Acquisition Corp. (CGAC.UN) To Trade On Toronto Stock Exchange


July 28, 2017
Issuer: Canaccord Genuity Acquisition Corp. (the "Company")
Security: Class A Restricted Voting Units (the "Units")
Symbol(s): CGAC.UN
Number of securities issued and outstanding: 10,000,000
Number of securities reserved for issuance: 1,500,000
Listing category: Special Purpose Acquisition Corporation, Non-Exempt
CUSIP: 13480Q 20 3
Trading currency: CDN$
Transaction: Initial public offering ("Offering") of Units. Each Unit consists of one Class A Restricted Voting Share (the "Class A Share") and one warrant (the "Warrant"). Prior to any Qualifying Acquisition (as such term is defined below), the Class A Shares and Warrants will trade as a Unit and may only be redeemed as a Unit.
Listing date: July 31, 2017 (as at 5:01 pm) in anticipation of closing of the Offering.
Anticipated closing date: August 1, 2017 (prior to the opening)
Posted for trading date: August 1, 2017 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Temporary market maker: Integral Wealth Securities Limited
Security ownership registration: Non-certificated inventory system of CDS
Investor relations: Bradley Cameron
(416) 687-5364
bcameron@canaccordgenuity.com
 
Daniel (Yu-Hyeon) Chung
(416) 867-6136
daniel.chung@canaccord.com
 
Julia Gray
(416) 687-5315
julia.gray@canaccord.com
Incorporation: Business Corporations Act (Ontario) on June 28, 2017
Fiscal year end: March 31
Nature of business: The Company is a newly-organized special purpose acquisition corporation incorporated under the laws of the Province of Ontario 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 Company (the "Qualifying Acquisition").
Transfer agent and registrar: TSX Trust Company, at its office in Toronto.

Principal Terms of the Class A Shares

Voting rights of the Class A Shares: Not entitled to vote at meetings held to consider the election and/or removal of directors and auditors. Entitled to vote on and receive notice of shareholder meeting on all other matters requiring shareholder approval (including the proposed Qualifying Acquisition and any proposed extension to the Permitted Timeline).
Redemption on Qualifying Acquisition: In conjunction with the shareholders meeting to be held to vote on whether the Company proceeds with the Qualifying Acquisition, the Company will provide holders of the Units with the opportunity to redeem all or a portion of their Units, for an amount per share, payable in cash, equal to the pro-rata portion of the escrow account including any interest and other amounts earned thereon (estimated to be approximately $3.02 per share), less certain amounts and subject to certain restrictions as more fully disclosed in the Prospectus.
Redemption if no Qualifying Acquisition: If the Company is unable to consummate the Qualifying Acquisition within the Permitted Timeline, it will be required to redeem as promptly as reasonably possible, on an automatic redemption, for an amount per Unit, payable in cash, equal to the pro-rata portion of the escrow account including any interest and other amounts earned thereon, less certain amounts as more fully disclosed in the Prospectus.
Conversion: Upon closing of a Qualifying Acquisition, each Class A Restricted Voting Share will, unless previously redeemed, be automatically converted into one Common Share, at which time the Class A Restricted Voting Shares will be delisted and the Common Shares listed.
Dividends: The Company does not currently anticipate paying dividends prior to the completion of the Qualifying Acquisition.

Principal Terms of the Warrants

Exercise Price: Each Warrant entitles the holder to purchase one Class A 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 $3.45 per share, only commencing 30 days after the completion of the Qualifying Acquisition.
Expiry 5:00 p.m. (Toronto time) on the day that is five years after the completion of the Qualifying Acquisition, subject to an acceleration clause or may expire earlier if a Qualifying Acquisition does not occur within the Permitted Timeline.
Sponsorship: Waived
Disclosure document: Prospectus dated July 24, 2017 which is available at www.SEDAR.com. Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Initial Public Offering: Pursuant to the terms of the Prospectus, a maximum of 10,000,000 Units at a price of $3.00 per Unit, are being offered to the public.
TSX contact: Julie K. Shin,
Director, Listed Issuer Services,
Toronto Stock Exchange.