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What is Capital company?

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Anonymous

7y ago
Updated: 9/22/2021
Definition of 'Capital Pool Company (TSX Venture)'
A new, fledgling company trading on Canada's TSX Venture exchange that has no commercial operations and no assets except for cash. A capital pool company (CPC) uses its cash holdings to evaluate promising businesses or assets that it would acquire in a qualifying transaction, which it has to complete within 24 months of listing. Companies trading as a CPC have a "P" after their ticker symbol. The completion of the qualifying transaction would enable the CPC to list as a standard Tier 1 or Tier 2 issuer on the TSX Venture exchange.
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Natalia Roberts

Lvl 10
3y ago

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