Auka Capital Corp. completes CPC IPO

1 minute read
13 December 2022

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.

NOT LEGAL ADVICE. Information made available on this website in any form is for information purposes only. It is not, and should not be taken as, legal advice. You should not rely on, or take or fail to take any action based upon this information. Never disregard professional legal advice or delay in seeking legal advice because of something you have read on this website. Gowling WLG professionals will be pleased to discuss resolutions to specific legal concerns you may have.