NEO Announces Community Marketplaces Debut of BGP Acquisition Corp.
3 min readTORONTO–(Enterprise WIRE)–NEO is pleased to announce that BGP Acquisition Corp. (“BGP”), a newly-fashioned Unique Function Acquisition Organization (“SPAC”), made its community marketplaces debut on the NEO Trade these days. BGP, which shut a US$115,000,000 preliminary public presenting (inclusive of the training of the around-allotment alternative in full) underwritten by Echelon Wealth Associates, is now investing its Course A Limited Voting Models less than the symbol NEO:BGP.UN.
BGP’s benefit development approach will be to identify, purchase and, subsequent its first Qualifying Transaction, support in the expansion of a enterprise engaged in the cannabis business or similar sectors. In specific, BGP is focusing on sector leaders with powerful and credible management groups wherever opportunities exist for vertical or horizontal integration. Though not constrained in their focus on research, BGP believes that US organizations deliver the finest opportunity because of to the somewhat restrained entry to money and the great growth prospective forward.
“Backed by a stable administration group with intensive cannabis investing, SPAC, and functioning expertise, merged with opportune timing in a promptly escalating market, we consider that BGP is ideally positioned for very long-expression accomplishment,” commented Ruth Epstein, CEO and Chairwoman of BGP Acquisition Corp. “As an impressive and growth-oriented senior stock exchange with a deep knowing of the SPAC process and hashish field, NEO was the apparent decision as our listing spouse. We’re enthusiastic to do the job carefully with NEO to leverage our collective networks and abilities to discover first-level targets, finalize transactions, and generate sustainable worth for our shareholders.”
BGP is the 9th SPAC to listing on NEO. It follows carefully on the heels of the latest, very profitable qualifying transaction of Subversive Cash Acquisition Corp., with the start of The Mother or father Firm on NEO, in January of this yr.
“With latest political developments in the U.S. and unprecedented levels of help from the general general public for hashish legalization, the hashish market is ripe for explosive advancement,” remarked Jos Schmitt, President and CEO of NEO. “BGP is perfectly-geared up to capitalize on people developments, and as a chief in the Canadian SPAC market, NEO is excited to be a component of their journey.”
Investors can trade shares of NEO:BGP.UN by means of their standard investment channels, including price cut brokerage platforms and whole-company sellers. The NEO Trade is household to above 100 company and ETF listings, and continuously facilitates close to 15 for every cent of all Canadian trading quantity. Click on here for a entire perspective of all NEO-listed securities.
About NEO Exchange
NEO Trade is a progressive stock trade that brings alongside one another investors and capital raisers within a fair, effective, and services-oriented ecosystem. Totally operational since June 2015, NEO puts buyers very first and supplies accessibility to buying and selling all Canadian-listed securities on a level enjoying subject. The NEO Trade lists senior corporations and financial investment solutions searching for a stock trade that enables investor belief, high quality liquidity, and wide awareness including unfettered accessibility to sector data.
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About BGP Acquisition Corp.
BGP Acquisition Corp. is a specific intent acquisition company included below the regulations of the Province of British Columbia for the intent of effecting, specifically or indirectly, a Qualifying Transaction within a specified time period of time.
