Blank-Check Firm MAK Files for $100 Million IPO in Canada

MAK Acquisition Corp., a blank-check company led by former Dye & Durham Ltd. executives, filed for a $100 million initial public offering, seeking to capitalize on investor interest in technology and defense-related deals.

The Toronto-based special purpose acquisition company, or SPAC, plans to sell 10 million units at $10 each, according to a preliminary prospectus filed Friday with Canadian regulators. The securities are expected to list on the Toronto Stock Exchange.

Canaccord Genuity Corp. and CIBC Capital Marketsare leading the IPO, with an option for underwriters to increase the size to $110 million. MAK will try to complete a ...