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by Stockwatch Business Reporter

The TSX Venture Exchange fell a fraction to 679.38 Friday, ending the week down 4.51 points. So far this year, the Toronto Stock Exchange has welcomed three special purpose acquisition corporations, Infor Acquisition Corp. (IAC: $10.36), Dundee Acquisition Ltd. (DAQ: $9.80) and Alignvest Acquisition Corp. (AQX: $10.25). There is another on the way. Anthony Melman has filed a preliminary prospectus to list Acasta Enterprises Inc., a SPAC with plans to sell 27.5 million Class A restricted voting units at $10 for $275-million. BMO Nesbitt Burns, TD Securities Inc. and Canaccord Genuity Corp. will sell the units. Each unit will include one Class A restricted voting share and one-half of a warrant; whole warrants will become exercisable at $11.50 starting 30 days after the SPAC completes a qualifying transaction. They will expire five years from when the QT closes. Acasta plans to search for targets in North America valued between $1-billion and $2-billion.

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