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NEO Unveils the G-Corp: The Next-Generation Publicly Traded Acquisition Corporation
April 16, 2021 GMT
The
NEO Exchange (“NEO”) is excited to announce the pilot program launch of a new publicly traded acquisition corporation, the Growth Acquisition Corporation™ (“G-Corp™”). This new go-public vehicle enables earlier stage growth companies to access capital and go public with significantly reduced risks in comparison with other public listing strategies.
In Canada and abroad, NEO is widely recognized as the Canadian stock exchange for companies and investment products driving the innovation economy, with over 120 corporate and ETF listings. NEO has also established itself as the leading Canadian venue for Special Purpose Acquisition Corporations (“SPACs”), with 10 SPAC listings to-date that cumulatively raised over C$2.4 billion and a robust pipeline of new SPAC listings. Building on these achievements and with a laser focus on providing companies with innovative ways to raise capital, it is a natural evolution for NEO to launch a new publicly traded acquisition corporation tailored to the needs of the vast Canadian universe of earlier stage growth companies set to become the blue chip companies of tomorrow.