The Filer, a special purpose acquisition corporation, applied for exemptive relief from various restricted security rules under National Instrument 41-101, OSC Rule 56-501, and National Instrument 51-102.
The relief was sought in connection with the Filer's qualifying acquisition, which would result in the issuance of proportionate voting shares carrying multiple votes per share.
The Ontario Securities Commission granted the requested exemptions, allowing the Filer to refer to its common shares without restricted security terminology and exempting it from certain disclosure and eligibility requirements, subject to specific conditions.