The Financial Post reports in its Wednesday edition that sponsors are not easing up on selling investors on the merits of special purpose acquisition companies. The Post's Barry Critchley writes that Canaccord Genuity Group on Tuesday announced plans to raise $30-million from the public. As befitting a new entrant, Canaccord, which plans to seek out a growth company with an enterprise value of between $50-million and $250-million for its qualifying acquisition, introduced a nifty piece of innovation. Here the plan is to seek regulatory approval to allow the units to remain as one piece of paper. In this way the issuer is breaking with tradition where the units split into shares and warrants. That tradition has come with a big negative. The two groups of shareholders have different objectives and that makes it very difficult to know how much capital the issuer will have on hand when an acquisition is made. Canaccord's innovation may mean retail investors rather than institutions will be the main buyers. On its transaction, investors are being offered restricted voting units. The warrants, which have a five-year term, are exercisable at $3.45 -- a standard 15 per cent above the issue price of the units.