Navion Capital II Announces Completion of Initial Public Offering

Navion Capital II Inc., based in Calgary, AB, successfully completed its initial public offering (IPO) by issuing 2,500,000 common shares at $0.10 each, raising a total of $250,000. The company, listed under the symbol NVN.P on the TSX Venture Exchange (TSXV), revealed that the shares began trading around March 4, 2024. This significant move marks its entry as a Capital Pool Company on the TSXV.

Following the IPO, Navion Capital II Inc. has a total of 4,600,000 common shares. It includes 2,100,000 shares under TSXV escrow restrictions and reserves for agent's options and stock options for directors and officers, highlighting the structured incentive plan post-IPO. PI Financial Corp. served as the offering's agent, receiving a commission and corporate finance fees reflective of the industry norm.

The raised funds are allocated for exploring potential assets or business acquisitions to complete a Qualifying Transaction as part of the Capital Pool Company program on the TSXV. The management team is led by Peter Hughes as CEO, CFO, Corporate Secretary, and a Director, alongside other distinguished directors.

This IPO underscores Navion Capital II Inc.'s strategic plans to expand and solidify its market position, demonstrating the company’s compliance with Canadian laws and securities regulations.