Ontario regulator relaxes rules, paving way for CIBC’s new SpaceX CDR
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Article Excerpt
Ontario regulator relaxes rules, paving way for CIBC’s new SpaceX CDR
ANDREW GALBRAITH
PUBLISHED JUNE 10, 2026
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CIBC said the SpaceX CDR, which will trade under the ticker SPCX starting on June 12, will be offered at an initial ratio of 0.12, meaning that each CDR will initially represent 0.12 shares of underlying SpaceX Class A common stock.
AMANDA ERICKSON/THE GLOBE AND MAIL
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