Agrinam Acquisition Corp.

Canaccord Genuity Acts as Lead Manager for Agrinam Acquisition Corp. on its US$138 Million Initial Public Offering

Canaccord Genuity is pleased to announce Agrinam Acquisition Corp. (“AGRI”) completed its initial public offering of Class A restricted voting units for aggregate gross proceeds of US$138 million on June 15, 2022.  The units sold in the offering will trade on the Toronto Stock Exchange under the ticker “AGRI.V”.

Agrinam Acquisition Corp. is a newly organized special purpose acquisition company (“SPAC”) which intends to complete a qualifying acquisition of assets and/or businesses in the agribusiness industry. Each unit of AGRI provides investors with one redeemable share at $10.30 per share, one warrant and one right for one-tenth of a share.

AGRI is sponsored by Demeter Capital and Maquia Capital, which are firms founded by agribusiness entrepreneurs with the desire to boost the agribusiness sector in North America. Maquia Capital’s advisory division is the largest corporate governance advisory firm in Mexico, having advised more than 100 agribusiness companies (65 out of the top 100 in Mexico), and members of Demeter Capital, an Agribusiness growth equity fund based in Mexico, have invested over U.S.$300 million across more than 40 agribusiness projects and companies in Mexico through several agribusiness investment funds.

Canaccord Genuity acted as Lead Manager for the offering. The Canaccord Genuity team included  Michael Shuh, Malcolm Inglis and David Pietruszka from Investment Banking, Graeme Parker and David Barnes from Sales and  Len Sauer and Lily Yu from Equity Capital Markets.