In April of 2021, the NEO Exchange (“NEO”), one of HIVE’s Strategic Partners, announced a pilot program launch of a new publicly traded acquisition corporation, the Growth Acquisition Corporation (“G-Corp”). According to the NEO, “this new go-public vehicle enables earlier stage growth companies to access capital and go public with significantly reduced risks in comparison with other public listing strategies”.
The G-Corp hopes to address a gap in the capital markets for acquisition corporations. While venture exchanges currently offer go-public shells tailored for junior companies, and SPACs are typically geared towards large growth companies, the G-Corp addresses the needs of earlier stage companies that aspire to list on a Tier 1 stock exchange.
Through leveraging the existing structure of the NEO’s successful SPAC program, the G-Corp hopes to ensure a rigorous review process and investor protection for quality transaction. The G-Corp plans to offer an opportunity for high-potential growth companies to access public capital as well as facilitate transactions between such companies and investors.
As a trusted service provider to the NEO, Hive Advisory Inc. (HIVE) and the HIVE Network congratulate NEO and all that who were involved on this achievement!