TORONTO--(BUSINESS WIRE)--First paragraph, second sentence of release dated May 13, 2019, should read U.S.$402,500,000 (instead of $402,000,000).
The corrected release reads:
MERCER PARK BRAND ACQUISITION CORP. LISTS ON NEO
NEO Welcomes Fourth Cannabis-focused SPAC
NEO is pleased to announce Mercer Park Brand Acquisition Corp. (“Mercer Park”) Class A Restricted Voting Units will begin trading today on NEO under the symbol BRND.U. The newly-organized Special Purpose Acquisition Corporation (“SPAC”), which raised U.S.$402,500,000 in its initial public offering, will target businesses that operate in the cannabis and/or cannabis-adjacent branded product industries, as well as businesses that have additional strategic capabilities such as distribution, manufacturing, or product development. Mercer Park intends to focus on acquiring one or more companies with an estimated aggregate enterprise value of between U.S.$300 million and U.S.$800 million.
This is the second SPAC from Mercer Park to list on NEO, following Cannabis Strategies Acquisition Corp. (NEO:CSA.A, CSA.RT, CSA.WT), and the fourth cannabis-focused SPAC to list on NEO. These include Canaccord Genuity Growth II Corp.(NEO:CGGZ.UN), and Canaccord Genuity Growth Corp. (“Canaccord Genuity”). Canaccord Genuity recently completed its qualifying transaction resulting in the listing of Columbia Care (NEO:CCHW, CCHW.WT), which was NEO’s first corporate listing with an enterprise value of over one billion dollars.
Investors can trade BRND.U through their usual investment channels, including discount brokerage platforms and full-service dealers. The NEO Exchange is now home to over 70 corporate and ETF listings, and consistently facilitates over 10 per cent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.
About NEO Exchange
Neo Exchange Inc. is Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Fully operational since June 2015, the NEO Exchange currently offers an innovative and investor-driven trading platform for all Canadian publicly-traded securities. It also has a value-added listing approach for capital raising companies and investment products, focused on liquidity, transparency and efficiency. For more information, please visit: NEOstockexchange.com