Jason Chapnik’s Intercap Equity Inc., controlling shareholder of E Automotive Inc. d/b/a EINC (TSX: EINC), to increase EINC stake from 69.3% to 72.1% through $20M investment. Prelude to take EINC private? Continue Reading
Aritzia controlling shareholder, Brian Hill, to sell $70M Aritzia shares by way of bought deal secondary offering of 1.36M shares at $51.60 per share, will continue to control Aritzia with 69.7% voting power. Continue Reading
Roark Capital to sell 4.02M common shares of Pet Valu Holdings Ltd. at CDN $37.40 per share by way of secondary bought deal offering for gross proceeds of $150M, will continue to own 56.4% of outstanding shares. Continue Reading
Alberta Investment Management Corporation (AIMCo) provided $150M five-year senior secured second lien credit facility to Tidewater Renewables Ltd.Continue Reading
Mitsui & Co., Ltd. to join Pallinghurst and Investissement Québec as insiders of Nouveau Monde Graphite in US $50M financing, as part of NMG’s offtake and strategic partnership with Mitsui and Panasonic Energy Co., Ltd.Continue Reading
CSE listed TerrAscend Corp. (CSE: TER; OTCQX: TRSSF) closed non-brokered senior secured term loan for US $45.5M from funds managed by Pelorus Equity Group. Continue Reading
Artemis Gold announced $86M bought deal financing led by National Bank Financial Inc. and up to $89M private placement with participation of Ryan Beedie and certain other management, insiders and shareholders. Continue Reading
Caisse de dépôt et placement du Québec (CDPQ) and Fonds de solidarité FTQ backed Xebec Adsorption Inc. filed an initial order under the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 of Bankruptcy Code in the United States. Continue Reading
Vantage Chance Limited converted 157,325,071 Western Potash Holdings Corp. shares into 219,729,258 common shares of Western Resources Corp., becoming largest and controlling shareholder.Continue Reading
Dr. Sheldon Elman and Stuart M. Elman controlled SAYKL Investments Ltd. and UIL Limited to provide $0.5M debt funding each to Carebook Technologies Inc. (TSX-V: CRBK; OTCPK: CRBKF; FSE: PMM1). Continue Reading
BuildDirect.com to raise up to $3M from Pelecanus Investments, Lyra Growth Partners and Beedie Investments, changed senior management and board: David Lazar and Ethan Rudin resigned as interim CEO and CFO; Shawn Wilson and Matthew Alexander as CEO and Interim CFO; Dan Park resigned as director. Continue Reading
Eguana Technologies secured $33M additional strategic investment from ITOCHU Corporation with ITOCHU replacing Doughty Hanson & Co as largest shareholder on as converted basis. Continue Reading
Ten Coves Capital backed Q4 Inc. announced restructuring resulting in immediately 8% reduction of its workforce, approximately 40 employees. Continue Reading
Canadian institutional investors from BC, Ontario and Quebec purchased US $255.5M or 2.555% of Meta Platforms’ first ever US$10B bond offering. Continue Reading
WSP Global closed $460.2M private placement with GIC Pte. Ltd., Caisse de dépôt et placement du Québec (CDPQ) and CPP Investments, concurrent to $460M bought deal co-led by CIBC Capital Markets, National Bank Financial Inc. and RBC Capital Markets. Continue Reading
PSP Investments and BDC Capital backed D-Wave Quantum (NYSE: QBTS) finished its first day trading following the completion of the combination at US $10 on August 8, 2022 and traded US $8.60 (10:01 EDT August 9, 2022)
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TC Energy entered into bought deal agreement with RBC Dominion Securities Inc. and Scotia Capital Inc. for the issuance of 28.4M common shares at $63.50 for $1.8 billion, or CDN $2.0B if the over-allotment option is exercised in full. Continue Reading
