MAK acquires technological enterprises that provide “critical solutions in niche markets”.
The new special -purpose acquisition company has been formed to try to use the stagnant state markets of Canada.
“Canada offers a convincing opportunity to deploy capital to the market that exceeds all over the world.”
Based in Toronto MAK Acquisitionheaded by the former Legaltech Company Dye & Durham leaders, a preliminary avenue to Canadian regulators to fulfill the initial public offer for a stock exchange in Toronto in the amount of $ 100 million (IPO) on the Toronto Stock Exchange. Canaccord Genuity and CIBC Capital Markets act as country underwriters for IPO.
Spac hopes to purchase technological enterprises that provide “critical solutions in the niche markets”, such as services with technology support, space and protection. It states that this will prioritize in capabilities with a high income content, a low concentration of customers and low capital requirements.
The company believes Lack of activity In public markets, in recent years, a “unique opportunity” has been provided for the acquisition and scaling of technological companies that are looking for liquidity with a discount.
“Thanks to solid grounds, strong leadership of the sector, reliable capital markets, the lack of a new emission, Canada offers a convincing opportunity to deploy capital to the market that exceeds all over the world and is prepared for growth,” the statement said. Spac will look for or combine several companies, or accept one large company.
MAK is headed by CEO Matt Gordu and the financial director of Avjit Kamboj, each of which occupied the same names in Dye & Durham. The company’s board includes Art Mesher, which once led the DeCARTES Systems group.
Proud Left dye and Damre In November last year after become a goal According to The Globe and Mail, from a series of management problems from investors who are dissatisfied with the company’s lever, the pace of acquisitions and supervision of the board of directors. Company Fird Kamboj Earlier this year, after he, as reported, did not get along with the replacement of Proud.
The legal software company has been charging headlines since the proud and his younger brother TylerWhich created a public company together, fell, which led to a long backstage battle, according to The Globe and Mail.
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