ThermoCeramix Corporation acquires all of the issued and outstanding securities of ThermoCeramix Inc. by way of a merger transaction

Date Closed: 3/31/2014

Value: Approximately C$13 million

On March 31, 2014, ThermoCeramix Corporation (formerly Springrock Capital Inc.) (TCC) acquired all of the issued and outstanding securities of ThermoCeramix Inc. (TCX) by way of a merger transaction thereby completing its Qualifying Transaction pursuant to the policies of the TSX Venture Exchange. Security holders of TCX received one common share of TCC (on a post-consolidated basis) for each share of TCX and any outstanding options and warrants to acquire shares of TCX were exchanged for analogous options and warrants to acquire common shares of TCC. TCC issued 26,274,409 common shares at a deemed a value of $0.50 per share (on a post-consolidated basis). The value of the Qualifying Transaction is approximately C$13 million.  

ThermoCeramix Corporation is a technology company with expertise in developing heating solutions for industrial, commercial, and residential applications, based on a proprietary heater technology and has offices in Toronto, Ontario, Boucherville, Quebec and Boston, Massachusetts.

BLG represented ThermoCeramix Corporation (formerly Springrock Capital Inc.) with a team led by Manoj Pundit that included Krstina​ Skocic and Linda Tu.