Stack Capital Announces Exit From the TSX Sandbox Program
August 08 2022 - 7:55AM
Stack Capital Group Inc. (TSX:STCK and STCK.WT) (“Stack Capital”)
an investment holding company that seeks to invest in some of the
world’s most innovative and disruptive growth & late-stage
private companies, is pleased to announce that it has now exited
the TSX Sandbox program.
To exit from the Sandbox program, Stack Capital
was required to meet the following conditions:
- deployed 50% of the proceeds raised
pursuant to the Offering and Management Investment
- publicly file interim financial
statements reflecting a full quarter of operating history
subsequent to listing on the TSX
- have no outstanding TSX compliance
and disclosure issues on record at the time of exit
While Stack Capital has traded as a TSX-listed
company since June 16, 2021, completion of the TSX Sandbox program
further solidifies its status on the senior exchange which is home
to Canada’s largest public companies.
“We’re extremely happy to have participated in
the TSX Sandbox new listings initiative, which seeks to bring
innovative and novel entrants to the Canadian capital markets,”
said Jeff Parks, Chief Executive Officer of Stack Capital. “Listing
on the TSX holds Stack Capital to the highest standard of
governance and disclosure requirements, which directly benefits our
shareholders.”
About Stack Capital
Stack Capital is an investment holding company
and its business objective is to invest in equity, debt and/or
other securities of growth-to-late-stage private businesses.
Through Stack Capital, shareholders have the opportunity to gain
exposure to the diversified private investment portfolio;
participate in the private market; and have liquidity due to the
listing of the Common Shares and Warrants on the TSX. At the same
time, the public structure also allows the Company to focus its
efforts on maximizing long-term performance through a portfolio of
high growth businesses, which are not widely available to most
Canadian investors. SC Partners Ltd. (the "Manager") has taken the
initiative in creating the Company and acts as the Company's
administrator and is responsible to source and advise with respect
to all investments for the Company.
For more information, please visit our website
at www.stackcapitalgroup.com or contact:
Brian ViveirosVP, Corporate Development and
Investor Relations647.280.3307brian@stackcapitalgroup.com
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