Q4 lays off 40 employees
2022-08-23
Ten Coves Capital backed Q4 Inc. announced restructuring resulting in immediately 8% reduction of its workforce, approximately 40 employees. Continue Reading
Canadian investors acquire 2.555% of Meta’s US $10B bond offering
2022-08-19
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 closes $460.2M private placement with GIC, CDPQ and CPP Investments
2022-08-16
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 and BDC backed D-Wave trades below US $10
2022-08-09
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 to raise up to $2B in equity funding
2022-08-04
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
Zymeworks to re-domicile from BC to Delaware
2022-07-15
Zymeworks Inc. intends to re-domicile from a British Columbia corporation to a Delaware corporation. Shareholders would exchange their shares for new Zymeworks shares or all or portion of their shares for exchangeable shares likely listed on a Canadian exchange. Continue Reading
Baring Private Equity Asia sells 3M TELUS International MV shares
2022-06-29
Baring Private Equity Asia to sell 3M of 50,427,857 multiple voting shares of TELUS International (Cda) Inc. to TELUS Corporation at US $22 per share for US $66M. Continue Reading
Fonds de solidarité invests $100M in Fiera Capital
2022-06-23
Fiera Capital Corporation (TSX: FSZ) secured $100M in debt funding from Fonds de solidarité FTQ by way of a senior subordinated unsecured debenture in a principal amount of $100M at par. Continue Reading
Rio Tinto invests US $10M in Nano One Materials
2022-06-09
Nano One Materials Corp. and Rio Tinto Limited entered into a strategic partnership providing iron and lithium products, collaboration and US $10M investment by Rio Tinto into Nano One. Rio Tinto will become Nano One’s largest known shareholder. Continue Reading
PenderFund backed GreenSpace Brands initiates strategic alternative review
2022-06-03
PenderFund Capital Management Ltd. backed GreenSpace Brands Inc. (TSX-V: JTR) initiated a review of strategic alternatives to enhance shareholder value which will consider a range of potential strategic alternatives. Continue Reading
WELL Health closes $34M bought deal led by Li Ka-shing and a sovereign wealth fund
2022-05-19
WELL Health Technologies completed $34.5M bought deal public offering led by unnamed sovereign wealth fund along with Li Ka-shing and other institutional and pension fund investors. Eight Capital and Stifel Nicolaus Canada acted as joint bookrunners and co-leads. Continue Reading
Bill Gates reduces CN stake to below 10% with $168M share sales
2022-05-17
Bill Gates and Bill & Melinda Gates Foundation Trust sold additional $168M Canadian National Railway Company (CN) shares. Gates ceases to be CN’s only 10% plus beneficial shareholder. Continue Reading
Jason Chapnik’s Intercap increases E Automotive stake to 66.8%
2022-05-17
Jason Chapnik controlled Intercap Equity and joint actors acquired 1,125,000 shares of E INC. at $8 for $9M, increasing beneficial ownership to 32,122,318 shares or 66.8% of outstanding common shares on a non-diluted basis. Continue Reading
Walter Capital Partners backed Freshlocal files for CCAA
2022-05-16
Walter Capital Partners backed Freshlocal Solutions Inc., formerly known as Sustainable Produce Urban Delivery Inc. (SPUD), filed for Companies’ Creditors Arrangement Act (CCAA) protection. Continue Reading
Chengxin Lithium becomes Lithium Chile’s largest shareholder following $27.9M investment
2022-05-16
Chengxin Lithium Group Co. closed $29.911M investment in Lithium Chile Inc. by way of non-brokered private placement of 29.38M shares at $0.95 per share, becoming largest shareholder with control of 37,951,440 shares (19.75%). Continue Reading
Green Technology Metals closes A$55M offering
2022-05-07
Green Technology Metals Limited (ASX: GT1) closed AUS $55 million private placement with AUS $12.8 million from two Canadian investors. Continue Reading
Glencore to make US $200M strategic investment in Li-Cycle
2022-05-05
Li-Cycle Holdings Corp. and Glencore plc entered into a long-term battery supply agreement. Glencore will make US $200M investment and Li-Cycle agreed to nominate Kunal Sinha, Glencore’s Head of Recycling, to the Li-Cycle board of directors.
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