AMG Acquisition Corp. Completes IPO

Vancouver-based AMG Acquisition Corp. has completed an initial public offering (IPO) on the TSX Venture Exchange.

On May 31, AMG, a capital pool company, announced it had completed an IPO in British Columbia and Alberta of 2,550,000 common shares at a price of $0.10 per share for gross proceeds of $255,000. The company is also granting up to 780,012 stock options to its directors and officers.

In a release, AMG said it would use the proceeds from its IPO to evaluate acquisition opportunities. Shares of AMG are expected to begin trading on the TSXV on June 2, 2022.

MLT Aikins lawyers Kevin Sorochan and Taylor Dignan were pleased to act as counsel to PI Financial Corp., the agent for AMG’s IPO. Learn more about our Corporate Finance & Securities team.