Canaccord Genuity Growth II to merge with Taiga Motors in a $422m deal.

Canaccord Genuity Growth II, a special purpose acquisition company, agreed to merge with Taiga Motors, a manufacturer of electric off-road vehicles, in a $422m deal. Completion of the transaction is expected in April 2021, subject to stock exchange approval and other customary closing conditions. "We are excited to present this qualifying acquisition to our shareholders and we believe that Taiga Motors provides a compelling opportunity to participate in a new segment of the electric vehicle market. We are confident that the Taiga team is positioned to take early leadership in this segment and has demonstrated a clear path for growth. We look forward to supporting the Taiga team as they begin their journey as a public company," Michael Shuh, Canaccord Genuity Growth II Chairman and Chief Executive Officer.