Electric Jet-Ski Maker Taiga to Go Public Via Canaccord SPAC
- Firm will have C$537 million implied market value after deal
- Montreal-based company makes electric snowmobiles too
Taiga Atlas Electric Snowmobile
Source: TaigaThis article is for subscribers only.
Electric jet-ski maker Taiga Motors plans to go public via a merger with a blank-check company sponsored by Canaccord Genuity Group Inc., taking advantage of investor demand for companies that can burnish their environmental credentials.
Montreal-based Taiga will have an implied market capitalization of about C$537 million ($422 million) after the combination with the Canaccord Genuity Growth II Corp. special purpose acquisition corporation, the companies said Wednesday. That valuation includes a C$100 million private placement with investors including John Risley’s Northern Private Capital.