SPARQ Systems Inc. Completes Its Qualifying Transaction With and Reverse Takeover of MJ Innovation Capital Corp.
SPARQ Systems Inc., a solar energy solutions company, completed its qualifying transaction with and reverse takeover of MJ Innovation Capital Corp. (TSXV:MSMJ.P) on December 31, 2021. In connection with the qualifying transaction, SPARQ completed a brokered private placement financing of 20 million subscription receipts for gross proceeds of $10 million. On execution of the reverse takeover, the subscription receipts were exchanged for common shares. The resulting issuer started trading on January 7, 2022 under the name of SPARQ Corp. and the symbol TSXV:SPRQ.
Aird & Berlis acted for SPARQ Systems Inc. and MJ Innovation Capital Corp., a capital pool company, with a team that included Richard Kimel, Alicia McKeag, Russell Sanders, Sean Green, Francesco Gucciardo, Meredith McCann, Angela Oh and Portia Biswas.-
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Richard is a creative and results-driven corporate finance lawyer. Both domestically and internationally, Richard brings his business knowledge to th...
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A corporate lawyer with a focus on securities law, Alicia provides timely advice and strives to exceed expectations. Backed by strong analytical and c...
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Russell is a corporate lawyer who enjoys connecting with clients to build long-lasting relationships.
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When it comes to complex capital markets transactions, Sean provides clients with the support they need to navigate corporate laws and achieve their b...
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Francesco’s clients rely on his sophisticated knowledge of domestic and international tax to further their business objectives.
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When it comes to complex capital markets transactions or navigating regulatory requirements, Meredith’s primary focus is on her clients’ i...
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Portia is a strong negotiator and communicator who supports her clients as they seize opportunities or face challenges.
