Merida Dual Lists on NEO and NASDAQ
Merida Merger Corp. I (MCMJU)
Company Research
Source: Business Wire
First Special Purpose Acquisition Corporation to Complete Dual Listing TORONTO--(BUSINESS WIRE)--NEO is pleased to announce that Merida Merger Corp. I (“Merida”), a newly formed Special Purpose Acquisition Corporation (“SPAC”), made its Canadian public markets debut today on the NEO Exchange. In doing so, Merida has become the first SPAC to dual list and the first NEO and NASDAQ dual listing. Merida’s units began trading on NASDAQ on Tuesday, November 5 under the symbol MCMJU, and on NEO today under the symbol MMK.UN. Merida is also the first SPAC to be backed by a dedicated private equity firm focused on investing in the cannabis industry.Merida raised US$120,000,000 in its initial public offering, which closed today prior to the start of trading. Merida’s qualifying transaction and value creation strategy is to identify, acquire and, after completing its qualifying transaction, assist in the growth of a business in the cannabis industry. Merida is not limited to this industry an
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