Victoria’s Tiny Capital To Go Public On TSXV Through Reverse Merger

Publicly traded WeCommerce has entered into an agreement with Victoria’s Tiny Capital and a WeCommerce subsidiary to combine their businesses in an all-share transaction.

While the arrangement looks like a merger, in reality it is a reverse merger as Tiny Capital will own 75% of the company and Tiny’s co-founders will become CEOs of the combined entity.

If the agreement is approved by WeCommerce shareholders, the combined company is believed to have an equity value of over $900 million.

WeCommerce was a Shopify app roll-up entity created in 2019 by Tiny that went public on the TSXV in December 2020.

Tiny is a Victoria-based private company co-founded by Andrew Wilkinson and Chris Sparling in 2007. They have started, acquired, or invested in 50+ companies. Prior to this merger, Tiny was the largest shareholder of WeCommerce.