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Une première motoneige 100% électrique à Shawinigan?
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Taiga Motors to go public via merger with Canaccord SPAC
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ResearchAndMarkets.com s offering.
The Global Snowmobile Market is expected to grow at a steady rate during the forecast period. The Global Snowmobile Market is driven by the increasing use of snowmobiles in snowmobiling sport and other recreational & leisure activities. Furthermore, ongoing technological advancements and new product launches by the major players operating in the market is expected to create lucrative opportunities for the market growth through 2026. However, high cost of snowmobiles can hamper the market growth during the forecast period. Moreover, these can only be used during winter season when there is enough snow. This in turn is expected to negatively influence the market growth. Also, the widespread use of refurbished snowmobiles or snowmobiles which are available on rent further slows down the market growth during the forecast period.
Electric-vehicle maker Taiga to go public through SPAC
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Montreal jet-ski maker Taiga to go public via Canaccord SPAC
Kevin Orland, Bloomberg News Taiga jet ski , Screengrab courtesy of taigamotors.ca
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 $537 million (US$422 million) after the combination with the Canaccord Genuity Growth II Corp. special purpose acquisition corporation, the companies said Wednesday. That valuation includes a $100 million private placement with investors including John Risleyâs Northern Private Capital.