Andrew Wilkinson and Chris Sparling led Tiny Capital Ltd. to go public on TSX-V, valued at $691M, through combination (RTO) with WeCommerce Holdings Ltd. Wilkinson and Sparling will own 71% and 10%, respectively, of combined company valued at enterprise value of $962M.
Constellation Software Inc. filed for the spinout Lumine Group Inc., to made of Lumine portfolio of companies of the Volaris Group and proposed acquisition of WideOrbit Inc. from Eric Mathewson and VC investors.
Sterling Partners promoted SP Strategic Acquisition Corp., a Capital Pool Company, filed $500,000 IPO. Eight Capital acts as offering agent. Cassels Brock & Blackwell LLP is acting as legal counsel for SP while Blake, Cassels & Graydon LLP is acting on behalf of the agent.
Robert Friedland led and I-Pulse, Century Vision Holdings, Fidelity, Orion Mine Finance, BlackRock, and BHP Group backed Ivanhoe Electric to raise up to US $179.85M from TSX/NYSE American IPO through issuance of 14,388,000 shares at US $11.75-$12.50 per share.
Austin Gold Corp. closed US $15M NYSE American IPO, issuing 3,754,750 shares at $4 per share. Roth Capital Partners and Pacific Century Securities led the offering. DuMoulin Black LLP, Dorsey & Whitney LLP, Pryor Cashman LLP acted as legal counsels.
Dream Unlimited Corp. and Pauls Capital, LLC managed Dream Residential Real Estate Investment Trust (REIT) (TSX: DRR.U) closed its initial public offering (IPO), raising US $125M through the issuance of 9.62M units at US $13 per unit.