Celestial Acquisition Corp. Completes IPO & Becomes First Space Tech Company Listed on TSX Venture Exchange
Celestial Acquisition Corp. (TSXV:CES.P), completed its initial public offering on December 22, 2022, issuing a total of 5,000,000 common shares at the purchase price of $0.10 per common share, which was the maximum offering under its final prospectus dated November 30. Celestial is the first space technology capital pool company to be listed on the TSX Venture Exchange. The net proceeds from the offering will be used to identify and evaluate assets or businesses for acquisition with a view to completing a qualifying transaction under the TSXV’s Capital Pool Company program.
Celestial is a platform and network of sophisticated technicians, industry professionals, service providers and impact capital, whose mission is to enable space technology companies to access and grow in Canadian capital markets. Strong investor interest in this IPO reflects the increasing demand for new ideas in the capital markets sector as well as the growing interest in the New Space Economy.
Aird & Berlis represented Celestial Acquisition Corp. with a team led by Marek Lorenc that included Russell Sanders, Meredith McCann and Larissa Archer.