CPE News (4/14/2021) – WD Growth I Corp., a newly organized G-Corp sponsored by WD Investments I Inc., has filed a preliminary prospectus in connection with an initial public offering (IPO) of Class A Restricted Voting Units priced at an offering price of $3.00 per Class A Restricted Voting Unit.
As a G-Corp, WD Growth I intends to raise gross proceeds of not more than $30,000,000.
WDC Investments I Inc., an affiliate of Wildeboer Dellelce LLP, together with Perry Dellelce, Robert Munro, Tyler Lang, Paul Dinelle, Kevin Dane and Michael Rennie, together with certain other persons (collectively as Founders), will purchase Class B Units at an offering price of $3.00 per Class B Unit for aggregate proceeds equal to $1,000,002, simultaneously with the closing.
Canaccord Genuity Corp. is the sole underwriter for the offering.
Wildeboer Dellelce LLP acts as legal counsel to WD Growth I Corp. and WD Investments I Inc. while Blake, Cassels & Graydon LLP is acting for the underwriter.
G-Corp is as defined:
“G-Corp™” is a growth acquisition corporation that has obtained or will seek to obtain exemptions from the SPAC Rules of the Exchange set out under the heading “Exemptive Relief”, including in particular, that it is permitted to raise gross proceeds on its initial public offering of between $10 million and $30 million and that the Class A Restricted Voting Shares will not have a right to redeem in connection with the completion of a qualifying transaction, rather, the completion of a qualifying transaction will be subject to the affirmative vote of a majority of the votes cast by holders of the Class A Restricted Voting Shares (other than the Class A Restricted Voting Shares beneficially owned or over which control or direction is exercised by the Founders, if any) at a meeting of shareholders held to consider the qualifying transaction
phot credit: WD Growth I Corp.