Canaccord Genuity Growth II and Taiga Motors today announced a proposed merger transaction.
Terms call for a $100 million PIPE to fund Taiga’s growth strategy, working capital and general corporate purposes along with remaining funds from the SPAC’s $102 million held in escrow.
The deal values Taiga at $300 million with a combined pro forma implied market capitalization of $537 million.
Taiga is a Canadian based company founded in 2015 that designs and manufactures electric powersports vehicles. Read more.
