Exchange Bulletin
MAK Acquisition Corp. (MAK.V) To Trade On ÍÃ×ÓÏÈÉú
October 28, 2025
| Issuer: | MAK Acquisition Corp. (the "Company") |
| Security: | Class A Restricted Voting Units (the "Class A Units") |
| Symbol: | MAK.V |
| Issue price per security: | US$10.00 |
| Number of securities issued and outstanding: | 10,000,000 |
| Number of securities reserved for issuance: | 1,000,000 |
| Listing category: | Special Purpose Acquisition Corporation, Non-Exempt |
| Trading currency: | US$ |
| Transaction: | Initial public offering ("Offering") of Class A Units at an offering price of US$10.00 per Class A Unit consisting of one Class A Restricted Voting Share ("Class A Share") and one-half of one Share Purchase Warrant (each whole Share Purchase Warrant, a "Warrant"). It is anticipated that the Class A Units will separate into Class A Shares and Warrants 40 days following the Closing Date (or the next trading day, if the 40th day is not a trading day). Upon separation of the Class A Units, the Class A Shares and Warrants will be listed on ÍÃ×ÓÏÈÉú ("TSX"). A further bulletin will be issued confirming the separation date of the Class A Units and the trading information of the Class A Shares and Warrants. Upon the closing of a qualifying acquisition, each Class A Share would, unless previously redeemed, be automatically converted into one Subordinate Voting Share of the Company. Each Warrant entitles the holder to purchase one Class A Share (and upon closing of a qualifying acquisition, each Warrant would represent the entitlement to purchase one Subordinate Voting Share). The Warrants will become exercisable, at an exercise price of US$11.50 per share, commencing 65 days after the completion of the qualifying acquisition and will expire at 5:00 p.m. (Toronto time) on the day that is five years after the completion of the qualifying acquisition or may expire earlier if a qualifying acquisition does not occur within the Permitted Timeline or if the expiry date is accelerated. If the expiry date is accelerated, the Company's Board of Directors will have the option to require all holders that wish to exercise Warrants to do so, in whole or in part, on a cashless basis. |
| Listing date: | October 28, 2025 (as at 5:01 pm) in anticipation of closing of the Offering. |
| Anticipated closing date: | October 29, 2025 (prior to the opening) |
| Posted for trading date: | October 29, 2025 (at the opening) subject to confirmation of closing of the Offering. |
| Other market(s): | None |
| Temporary market maker: | CIBC World Markets Inc. |
| Investor relations: | Matthew Proud Chief Executive Officer +1 (416) 543-6431 matt@makacquisitioncorp.com and Avjitpal Kamboj Chief Financial Officer +1 (647) 991-6690 avjit@makacquisitioncorp.com |
| Incorporation: | Companies Act (As Revised) of the Cayman Islands on September 24, 2025 |
| Fiscal year end: | September 30 |
| Nature of business: | The Company is a newly organized special purpose acquisition corporation incorporated as an exempted company under the laws of the Cayman Islands for the purpose of effecting a "qualifying acquisition". The Company intends to focus its search for targets on businesses in technology and/or technology-related industries, including space and defence, in North America and Europe; however, it is not limited to a particular industry or geographic region for purposes of completion a qualifying acquisition. It will also evaluate businesses that have additional, strategic capabilities such as distribution, manufacturing, or product development, which support brand value. It intends to focus on acquiring one or more companies with an estimated aggregate enterprise value of up to US$1 billion. |
| Transfer agent and registrar: | Odyssey Trust Company, at its principal office in Toronto. |
| Dividends: | The Company does not intend to declare or pay any cash dividends prior to the completion of the qualifying acquisition. |
| Sponsorship: | Waived |
| Additional information: | The Class A Units will be quoted and traded on TSX in US funds and trading information regarding the Class A Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review. |
| Offering document: | Prospectus dated October 22, 2025 (the "Prospectus") which is available at . Capitalized terms not otherwise defined herein are as defined in the Prospectus. |
| TSX contact: | Selma Thaver, Managing Director, TSX Listings |