Kew Media Group Inc.
$70,000,000.00
7,000,000.00 Units at $10.00
Initial Public Offering - Closed - Monday, June 13, 2016
Company Description
Kew Media Group Inc. is a newly organized special purpose acquisition corporation established for the purpose of effecting an acquisition of one or more businesses or assets, by way of a merger, amalgamation, arrangement, share exchange, asset acquisition, share purchase, reorganization, or any other similar business combination involving the Corporation,
| Address: |
672 Dupont Street, Suite 400 Toronto, Ontario, M6G 1Z6 Canada |
|---|---|
| Phone Number: | 416 530-2583 |
| Fax Number: | |
| Website: |
| Industry: | Financial & Investment Services |
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| Closing Date: | Monday, June 13, 2016 |
| 1st Day of Trading: | Monday, June 13, 2016 |
| Primary Symbol: | KEW |
| Exchange: | Toronto |
Proceeds
All of the proceeds of this Offering, will be used to net the redemptions and underwriting commission, and the gross proceeds of the Company's Class B Unit sales to the Compnay's Founders ($4,080,000), to finance a qualifying acquisition of a target business and to pay the expenses. All of the proceeds of the sale of the Class A Restricted Voting Units will be held in the escrow account. The Company may also use its share capital and/or debt, in whole or in part, as consideration to finance its qualifying acquisition.
| Gross Proceeds: | $70,000,000.00 |
|---|---|
| Underwrting Fees: | $4,200,000.00 |
| Expense Offering: | $850,000.00 |
| Net Proceeds: | $64,950,000.00 |
| Lead Underwriter: | TD Securities Inc. |
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| Other Underwriter(s): |
National Bank Financial Inc. GMP Securities Ltd. Cormark Securities Inc. Cantor Fitzgerald Canada Corporation |
Performance
| 1 day | 1 week | 1 month | 6 months | Inception | |
|---|---|---|---|---|---|
| Recent Performance | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Post IPO Performance | -1.40 % | -1.40 % |
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