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CloudMD Announces Filing and Mailing of The Management Information Circular in Connection With the Proposed Go-Private Transaction With CPS Capital

CloudMD Announces Filing and Mailing of The Management Information Circular in Connection With the Proposed Go-Private Transaction With CPS Capital

CloudMD宣佈提交並郵寄有關與CPS Capital建議的私有化交易相關的管理信息圓形文件。
GlobeNewswire ·  06/04 03:56
  • Your vote is important no matter how many shares you hold.
  • The Board of Directors of CloudMD unanimously recommends that Securityholders vote IN FAVOUR of the Arrangement Resolution.
  • Questions or requests for voting assistance may be directed to Laurel Hill Advisory Group by telephone at 1.877.452.7184 or by email at assistance@laurelhill.com.
  • 無論持有多少股份,您的投票都非常重要。
  • CloudMD的董事會一致建議證券持有人投票,贊成安排議案。贊成安排決議。
  • 如需要詢問或尋求投票幫助,請電話聯繫Laurel Hill諮詢集團,電話號碼爲1.877.452.7184,或通過電子郵件聯繫assistance@laurelhill.com。如需詢問或投票幫助,請發送電子郵件至assistance@laurelhill.com。.

TORONTO, June 03, 2024 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, Frankfurt: 6PH) (the "Company" or "CloudMD"), is pleased to announce the notice of special meeting (the "Meeting") of the holders ("Shareholders") of common shares of CloudMD ("Shares") and of the holders (the "Optionholders", and collectively with the Shareholders, the "Securityholders") of stock options of the Company and management information circular (the "Circular") are now available on CloudMD's website at as well as under CloudMD's profile on SEDAR+ (). The mailing of the Circular and other materials related to the Meeting has also commenced.

2024年6月3日,多倫多雲醫療軟件服務公司(TSXV:DOC,法蘭克福:6PH)(以下簡稱“公司”或“CloudMD”)欣然宣佈,CloudMD的普通股股東(“股東”)和公司的股票期權持有人(“期權持有人”,與股東共同構成“證券持有人”)的特別會議(“會議”)通知和公司管理信息循環(“循環”)均已在CloudMD的網站上發佈,以及在SEDA()上CloudMD的個人檔案+。)循環郵寄和其他相關材料的工作也已經開始。

The Arrangement and Meeting Details

安排和會議細節。

At the Meeting, Securityholders will be asked, among other things, to consider and, if deemed advisable, pass a special resolution (the "Arrangement Resolution") approving the Arrangement (as defined below). On May 14, 2024, the Company entered into an arrangement agreement (the "Arrangement Agreement") with 1480775 B.C. Ltd., an affiliate of CPS Capital LP (a private equity investment firm) (the "Purchaser"), in respect of a proposed plan of arrangement (the "Arrangement") under the Business Corporations Act (British Columbia). The purpose of the Arrangement is to, among other things, permit the acquisition by the Purchaser of all of the issued and outstanding Shares. If the Arrangement becomes effective, each Shareholder will receive cash consideration of $0.04 for each Share held (the "Consideration").

在會議上,證券持有人將被要求考慮並視情況通過特別決議(“安排決議”)通過安排(如下定義)。2024年5月14日,公司與CPS Capital LP(一傢俬募股權投資公司)(“購買方”的附屬公司)(下稱“購買方”)簽訂了安排協議(“安排協議”)BC企業法(不列顛哥倫比亞省)。安排的目的是,允許購買方收購公司已發行的和流通股份的所有股份。如果安排生效,每個股東將收到每股0.04美元的現金作爲對其持有的股份的代價(“代價”)。(英屬哥倫比亞省)安排的目的是,允許購買方收購公司已發行的和流通股份的所有股份。如果安排生效,每個股東將收到每股0.04美元的現金作爲對其持有的股份的代價(“代價”)。

CloudMD will hold the Meeting on June 27, 2024, at 10:00 a.m. (Toronto time) via audio webcast (at with the ability to participate in the virtual meeting as explained further in the Circular.

CloudMD將於2024年6月27日上午10:00(多倫多時間)通過音頻網絡廣播(網址爲)舉行會議,並有能力參加循環中進一步解釋的虛擬會議。

Reasons for the Arrangement

安排的原因。

  • Process The Arrangement with the Purchaser is the culmination of a lengthy process that included a strategic review that was initiated in August 2022 and overseen by a special committee and the strategic and liquidity review that the special committee (the "Special Committee") of the board of directors of the Company (the "Board") has been engaged in since July 2023, with the assistance of INFOR Financial Inc. ("INFOR"). During that time, the Company, through its advisors, canvassed a significant number of other potential parties, none of which were prepared to make an executable binding offer to acquire the Company or provide capital to support the Company's path to positive cash flow. The Arrangement provides the capital to support the Company's business with specific consideration to all of the Company's stakeholders and was the best alternative available to ensure the ongoing viability of the Company. Failure to complete the Arrangement could materially and negatively impact the trading price of the Shares and if the Arrangement is not completed, the Company does not expect that there will be an alternative that would provide any value to the Securityholders.
  • Business and Industry Risks – The Board and the Special Committee concluded that the Consideration provides certainty of value to Securityholders, which Securityholders may consider as more favourable than continuing with the Company's current business plan, in light of the risks and uncertainties affecting the Company and its business. These risks and uncertainties include: the current business, operations, assets, financial performance and condition, operating results and prospects of the Company, the outstanding indebtedness under the Company's credit facilities and their near-term maturity, its limited cash resources, the current industry and economic conditions and trends.
  • Fairness Opinion – The fairness opinion from INFOR (the "Fairness Opinion") that, subject to and based on the considerations, qualifications, assumptions and limitations described therein, the Consideration is fair, from a financial point of view, to the Shareholders.
  • Form of Consideration – The form of consideration payable to Securityholders, being cash, provides certainty of value and immediate liquidity.
  • Credibility of the Guarantors – The obligations of the Purchaser, including its obligation to pay the Consideration and the outstanding indebtedness under the Company's credit facilities, are guaranteed by affiliates of CPS Capital (the "Guarantors"). Given the Guarantors' commitment, credit worthiness and record of completing transactions, the Guarantors are expected to be better able to withstand costs, payments, fees and other expenses, in part as a result of their financial position and access to capital.
  • 過程。 - 與購買方的安排是一個漫長的過程的高潮,該過程始於2022年8月的戰略審查,由特別委員會監督,特別委員會(董事會的“特別委員會”)自2023年7月以來一直從事戰略和流動性審查,在INFOR Financial Inc.(“INFOR”)的協助下進行。在此期間,公司通過其顧問審查了大量其他潛在方案,但沒有一項準備好進行可執行的正式要約以收購公司或提供資本以支持公司邁向正現金流的路徑。該安排爲支持公司業務提供了資金,並針對公司的所有利益相關方的特定考慮,是確保公司的持續運營能力的最佳替代方案。如果無法完成安排,股票價格可能會受到重大負面影響,如果未能完成安排,公司不認爲會有任何可提供價值給證券持有人的替代方案。企業和行業風險。
  • - 董事會和特別委員會得出的結論是,代價爲證券持有人提供了價值的確定性,證券持有人可以將其視爲比繼續執行公司當前的業務計劃更爲有利,這是因爲影響公司及其業務的風險和不確定性。這些風險和不確定性包括:公司的當前業務、運營、資產、財務業績和狀況、營運結果和前景、公司的信貸設施下的未償債務及其近期到期、其有限的現金資源、當前的行業和經濟狀況和趨勢。公允意見。
  • 有關公允意見。根據INFOR(“公正意見”)的考慮、資格、假設和限制,並基於其中所述,對於股東而言,該對價從財務角度來看是公平的。
  • 認購款形式現金是向有價證券持有人支付的認購款形式,可以提供確定的價值和即時的流動性。
  • 擔保方的信譽度購買方的義務,包括支付認購款和公司信貸設施下的未償債務,由CPS Capital的全資附屬公司('擔保方')提供保證。鑑於擔保方的承諾、信用價值和完成交易的記錄,擔保方預計能夠更好地承擔成本、付款、費用和其他費用,部分原因是由於其財務狀況和獲取資本的能力。

Board Recommendation

董事會建議

The Board, based in part on the unanimous recommendation of the Special Committee and the Fairness Opinion, has unanimously determined that the Arrangement is fair to Securityholders and is in the best interests of the Company, and unanimously recommends that the Securityholders vote FOR the Arrangement Resolution. The determination of the Special Committee and the Board is based on various factors as described above and more fully in the Circular.

基於特別委員會和公正意見的一致建議,董事會一致認爲安排對於有價證券持有人是公正的,並符合公司的最佳利益,並一致建議有價證券持有人贊成安排決議。特別委員會和董事會的決定基於上述各種因素,並在《通函》中更詳細地描述。

Securityholders are encouraged to read the Circular and vote your securities as soon as possible. The proxy voting deadline is Tuesday, June 25, 2024 at 10:00 a.m. (Toronto time).

鼓勵有價證券持有人儘快閱讀《通函》並投票。代理人投票截止日期爲2024年6月25日上午10:00(多倫多時間)。

Securityholder Questions

有價證券持有人問題

Securityholders who have any questions or require assistance with voting may contact Laurel Hill Advisory Group, CloudMD's proxy solicitation agent and shareholder communications advisor:

有任何問題或需要投票協助的有價證券持有人可聯繫CloudMD的代理律師和股東溝通顧問Laurel Hill Advisory Group:

Laurel Hill Advisory Group
Toll Free: 1.877.452.7184 (for securityholders in North America)
International: +1.416.304.0211 (for securityholders outside Canada and the US)
By Email: assistance@laurelhill.com

Laurel Hill Advisory Group
免費電話:1.877.452.7184(北美股東)
國際電話:+1.416.304.0211(加拿大和美國以外股東)
電子郵件:assistance@laurelhill.com

About CloudMD

關於CloudMD

CloudMD is an innovative North American healthcare service provider focused on empowering healthier living by combining leading edge technology with an exceptional national network of healthcare professionals. Every day, our employees and health care providers live our values of delivering excellence, collaboration, connected communication and accountability to solve complex health problems. CloudMD's industry leading workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupation health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, government, and insurers. CloudMD is also a market leader in workplace absence management through data-driven prevention, intervention and return to work programs.

CloudMD是一家創新的北美保健服務提供商,致力於通過結合領先的科技和優秀的全國醫療保健專業人員網絡,推動更健康的生活。每天,我們的員工和醫療保健提供者都以提供卓越服務、協作、聯繫和問責的價值觀來解決複雜的健康問題。CloudMD行業領先的工作場所健康和福利解決方案Kii,通過精準的心理、身體和職業健康服務,支持會員及其家庭。 Kii爲僱主、教育機構、協會、政府和保險公司等支付方提供卓越的臨床衛生成果、高持久性和可衡量的投資回報率。同時,CloudMD還向醫院、診所和其他保健服務提供商銷售健康和生產力工具,以幫助它們提供更好的護理。訪問以了解有關公司全面的醫療保健服務的更多信息。

In addition, the Company sells health and productivity tools to hospitals, clinics, and other healthcare service providers to empower them to deliver better care. Visit to learn more about the Company's comprehensive healthcare offerings.

"Karen Adams"
Chief Executive Officer

"Karen Adams"
首席執行官

FOR ADDITIONAL INFORMATION, CONTACT:

支持和更多信息,請聯繫:

Investor Relations
Investors@cloudmd.ca
1-647-484-1405

投資者關係
投資人@cloudmd.ca
1-647-484-1405

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

TSX創業公司交易所及其監管服務提供方(該術語定義在TSX創業公司政策中)不對此發佈的充分性或準確性承擔任何責任。

Forward Looking Statements

前瞻性聲明

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities laws, including statements relating to the Arrangement, including in respect of the impact of the Arrangement, the anticipated Meeting date and completion of mailing of the Circular, timing for completion of the Arrangement and receiving the required regulatory and court approvals, CloudMD's expectations regarding liquidity and continuity of the Company's business and operations, and the availability of the bridge loan and line of credit and continued forbearance through the period until closing of the Arrangement. All information that is not clearly historical in nature may constitute forward‐looking statements. In some cases, forward‐looking statements may be identified by the use of terms such as "forecast", "projected", "assumption" and other similar expressions or future or conditional terms such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "predict", "project", "will", "would", and "should". Forward-looking statements contained in this news release are based on certain factors and assumptions made by management of CloudMD based on their current expectations, estimates, projections, assumptions and beliefs regarding their business and CloudMD does not provide any assurance that actual results will meet management's expectations. While management considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Such forward‐looking statements are not guarantees of future events or performance and by their nature involve known and unknown risks, uncertainties and other factors, including those risks described in the Company's MD&A (which is filed under the Company's issuer profile on SEDAR+ and can be accessed at ), that may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. Although CloudMD has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward‐looking statements, other factors may cause actions, events or results to be different than anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such forward‐looking statements. Accordingly, readers should not place undue reliance on forward‐looking information. CloudMD does not undertake to update any forward-looking information, whether as a result of new information or future events or otherwise, except as may be required by applicable securities laws.

本新聞發佈包含依據加拿大證券法《安排》的“前瞻性聲明”和“前瞻性信息”,包括與安排相關的聲明,包括關於安排影響的聲明、預計會議日期和發佈《通函》的完成時間、完成安排所需的監管和法庭批准的時間、CloudMD對公司業務和運營流動性和連續性的期望以及橋接貸款和信用額度的可用性以及持續容忍直到安排完成所需期間等。所有非明顯歷史性的信息均可能構成前瞻性聲明。在某些情況下,前瞻性聲明可能通過使用諸如“預測”、“預計”、“假設”等類似表達或類似未來或條件性語言詞語,如“期望”、“相信”、“可能”、“預計”、“打算”、“可以”、“計劃”、“預測”、“項目”、“將會”、“將要”以及“應該”等來識別。本新聞發佈中的前瞻性聲明基於CloudMD的管理層根據其對業務的當前期望、估計、投影、假設和信念所做的某些因素和假設,並不保證實際結果將滿足管理層的期望。雖然管理層認爲這些假設根據目前可用信息是合理的,但它們可能被證明是不正確的。這種前瞻性聲明不是未來事件或業績的保證,並且本質上涉及已知和未知的風險、不確定因素和其他因素,包括公司的MD&A(在公司在SEDAR+的發行人資料檔案下文件),可能會導致實際結果、業績或成就與此類前瞻性聲明所表達或暗示的任何未來結果、業績或成就實質上不同。雖然CloudMD已嘗試確定可能導致實際行動、事件或結果與前瞻性聲明所描述的不同的重要因素,但其他因素可能會導致行動、事件或結果與預期、估計或打算的不同。不能保證這種聲明將證明是準確的,因爲實際結果和未來事件可能會有所不同或不同於此類前瞻性聲明所預期。因此,讀者不應過分依賴前瞻信息。CloudMD不承諾更新任何前瞻性信息,除非適用證券法要求。),這可能會導致實際結果、表現或成就與此類前瞻性聲明中表現或暗示的任何未來結果、表現或成就存在實質性差異。雖然CloudMD已盡力確定可能導致實際行動、事件或結果與前瞻性聲明中描述的不同的重要因素,但其他因素可能導致行動、事件或結果與預期、估計或意圖不同。不能保證這些聲明會被證明準確,因爲實際結果和未來事件可能與此類前瞻性聲明中預期的有所不同。因此,讀者不應過分依賴前瞻信息。除非適用的證券法要求,CloudMD不承擔更新任何前瞻性信息的義務。


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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