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Exelerate Capital Corp. Announces Changes in Accordance With New CPC Policy Which Becomes Effective on January 1, 2021
Exelerate Capital Corp. Announces Changes in Accordance With New CPC Policy Which Becomes...
About this update from Exelerate Capital Corp.
[{"type":"text","content":"\n \n \n \n Exelerate Capital Corp. Announces Changes in Accordance With New CPC Policy Which Becomes Effective on January 1, 2021\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Dec. 21, 2020\n \n /CNW/ -\n \n EXELERATE CAPITAL CORP.\n \n (the \"\n \n Company\n \n \") (TSXV: XCAP) is pleased to announce that due to changes recently announced by the TSX Venture Exchange (the \"\n \n Exchange\n \n \") to its Capital Pool Company program and changes to the Exchange's Policy 2.4 –\n \n Capital Pool Companies\n \n , which become effective as at\n \n January 1, 2021\n \n (the \"\n \n New CPC Policy\n \n \"), the Company intends to implement certain amendments to further align its policies with the New CPC Policy.\n \n \n Pursuant to the New CPC Policy, in order for the Company to align certain of its policies with the New CPC Policy it is required to obtain the approval of disinterested shareholders of the Company.  As a result, the Company will be seeking such approval at its upcoming annual general and special meeting of shareholders scheduled to be held on\n \n January 28, 2021\n \n (the \"\n \n Meeting\n \n \"), for the following matters: (i) to amend the Company's Stock Option Plan (the \"\n \n Option Plan\n \n \") to, among other things, become a \"10% rolling\" plan prior to the Company completing a Qualifying Transaction (\"\n \n QT\n \n \"); (ii) to remove the consequences of failing to complete a QT within 24 months of the Company's date of listing on the Exchange (the \"\n \n Listing Date\n \n \"); and (iii) to amend the escrow release conditions and certain other provisions of the Company's Escrow Agreement (the \"\n \n Escrow Agreement\n \n ...