Capital Markets

H2 Ventures 1 Inc. in its $5 million initial public offering on the TSX Venture Exchange

H2 Ventures 1 Inc.
Key Contact
Mark Longo

Vancouver Managing Partner, Vancouver

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Natalie Holtby

Associate, Corporate, Vancouver

David Davachi

Partner, Tax, Toronto

Matias Milet

Partner, Tax, Toronto

Alina Tamm

Associate, Tax, Vancouver

On February 9, 2022, H2 Ventures 1 Inc. (“H2 Ventures”) completed an initial public offering of 50 million common shares and is now listed on the TSX Venture Exchange.  H2’s common shares began trading on the TSX.V on February 11, 2022 under the symbol “HO.P”.  When combined with the cash proceeds raised prior to the IPO, H2 Ventures has raised total gross proceeds of CAD$5.56 million, setting a record as being the largest IPO of a currently listed Capital Pool Company (CPC) on the TSX.V.  H2 Ventures is a CPC within the meaning of the Exchange’s CPC program. The net proceeds of the offering, together with the proceeds from prior sales, will be used by H2 Ventures to identify and evaluate assets or businesses for acquisition in the hydrogen, fuel cell and clean energy sectors with a view to completing a “Qualifying Transaction” under the TSX.V’s CPC program.  Canaccord Genuity Corp. acted as the sole agent and sole bookrunner for the IPO.

Osler, Hoskin & Harcourt LLP advised H2 Ventures as counsel with a team consisting of Mark Longo (Emerging & High Growth Companies), Patrick Sullivan, Natalie Holtby (Corporate), David Davachi, Matias Milet, and Alina Khakhuda (Tax).

Value
$5 million
Date Closed
February 9, 2022
Lead Office
Vancouver
Key Contact
Mark Longo

Vancouver Managing Partner, Vancouver

Team
Patrick J. Sullivan

Partner, Corporate, Vancouver

Natalie Holtby

Associate, Corporate, Vancouver

David Davachi

Partner, Tax, Toronto

Matias Milet

Partner, Tax, Toronto

Alina Tamm

Associate, Tax, Vancouver