TSX VENTURE COMPANIES
BULLETIN V2025-0929
ACKROO INC. ("AKR")
BULLETIN TYPE: Plan of Arrangement- Delist
BULLETIN DATE: April 1, 2025
TSX Venture Tier 2 Company
TSX Venture Exchange Inc. (the "Exchange") has accepted for filing documentation in connection with an agreement dated December 12, 2024 among Ackroo Inc. ("Ackroo"), Paystone Inc. ("Paystone") and Atom Growth Inc., a wholly owned subsidiary of Paystone (the "Purchaser"), as amended pursuant to an amending agreement dated February 3, 2025 (the "Arrangement Agreement"). Under the Arrangement Agreement, the Purchaser will acquire all of the issued and outstanding common shares in the capital of Ackroo (the "Shares") for CAD$0.15 in cash per Share held (the "Consideration"), provided, however, that Steve Levely, a director and the Chief Executive Officer of Ackroo, and another arm's length shareholder (collectively, the "Deferring Shareholders"), will receive unsecured promissory notes in principal amounts equal to the Consideration such Deferring Shareholder would be entitled to receive under the Arrangement Agreement, in exchange for the Shares held by such Deferring Shareholders.
The Exchange has been advised that shareholder approval of the Arrangement Agreement, in accordance with the requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions, was received from shareholders of Ackroo at a meeting of shareholders held on February 24, 2025. Approval of the Arrangement Agreement by the Ontario Superior Court of Justice was obtained on March 3, 2025. For further information, see the Management Information Circular dated January 24, 2025, which is available on the SEDAR+ profile of Ackroo.
Effective at the close of business Wednesday, April 2, 2025, the common shares of Ackroo will be delisted from the Exchange at the request of Ackroo.
________________________________________
|
|
