In April of 2021, the NEO Exchange (“NEO”), one of HIVE’s Strategic Partners, announced a pilot program launch of a new publicly traded acquisition corporation, the Growth Acquisition Corporation (“G-Corp”). According to the NEO, “this new go-public vehicle enables earlier stage growth companies to access capital and go public with significantly reduced risks in comparison with other public listing strategies”.
The G-Corp hopes to address a gap in the capital markets for acquisition corporations. While venture exchanges currently offer go-public shells tailored for junior companies, and SPACs are typically geared towards large growth companies, the G-Corp addresses the needs of earlier stage companies that aspire to list on a Tier 1 stock exchange.
Through leveraging the existing structure of the NEO’s successful SPAC program, the G-Corp hopes to ensure a rigorous review process and investor protection for quality transaction. The G-Corp plans to offer an opportunity for high-potential growth companies to access public capital as well as facilitate transactions between such companies and investors.
As a trusted service provider to the NEO, Hive Advisory Inc. (HIVE) and the HIVE Network congratulate NEO and all that who were involved on this achievement!
The source of the information above is derived from NEO Exchanges recent publication: NEO Unveils the G-Corp: The Next-Generation Publicly Traded Acquisition Corporation, published on April 19, 201
NEO is Canada's next generation stock exchange, focused on the principles of fairness, liquidity, transparency, efficiency to make capital markets better. Through the NEO Exchange, an unrelenting focus on what really matters to clients enables a better public listing expericence in an industry where few comapnies realize they have a choice.
As HIVE’s continued success lies in providing real value; experienced advice; and formidable services to HIVE Clients, we also need to thank the many supporters over the last year, as well as their continued interest into 2021 !
-Hive Advisory Inc.
