On December 13, 2022, Auka Capital Corp. ("Auka") (TSXV: AUK.P) successfully completed its initial public offering, raising gross proceeds of $750,000 pursuant to a prospectus dated September 15, 2022.  An aggregate of 7,500,000 common shares in the capital of Auka were subscribed for at a price of $0.10 per share. Canaccord Genuity Corp. acted as the agent for the offering.

Auka is a capital pool company ("CPC") and intends to use the net proceeds of the offering to identify and evaluate assets or businesses for acquisition with a view to completing a "Qualifying Transaction" under the policies of the Exchange.

Gowling WLG was counsel to Auka in this transaction with a team that included Jason Mullins, Andrew Wong, Blair Wentworth and Andrew Miles.