Toronto based Canadian e-commerce start-up Emerge Commerce has announced its plans to go public on the TSX Venture Exchange (TSX-V) following a planned acquisition of Aumento, a public capital pool company.
“We are in the fortunate position to take EMERGE public during these extraordinary times, in large part due to the strong performance of our COVID-resilient portfolio of e-commerce assets,”Halazon
- Emerge has signed a letter of intent to acquire Aumento through a reverse takeover.
- Net proceeds will mostly go towards upcoming acquisitions as well as growth capital.
- Emerge is raising a $5 million private placement led by Canaccord Genuity and Gravitas.
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