Location: TSX Company Manual > Part X Special Purpose Acquisition Corporations (SPACs) > D. Completion of a Qualifying Acquisition > Exchange Approval > Sec. 1029.

Exchange Approval Escrow Requirements

Sec. 1029.

(2 versions)
Dec 19 2008 - Oct 3 2018Oct 4 2018 onwards

The issuer resulting from the completion of the qualifying acquisition by the SPAC must meet the Exchange's original listing requirements set out in Part III of this Manual. The Exchange will provide the issuer with up to 180 days from the completion of the qualifying acquisition to provide evidence that it meets the Public Distribution Requirements set out in Section 315, failing which the issuer will generally be put under a remedial delisting review as described in Part VII.

Failure to obtain the Exchange's approval of the listing of the resulting issuer prior to the completion of the qualifying acquisition will result in the delisting of the SPAC. For greater certainty, a qualifying acquisition may include a merger or other reorganization or an acquisition of the SPAC by a third party.

Exchange Approval Escrow Requirements

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