NowVertical Early Warning Press Release
NowVertical Early Warning Press Release
TORONTO, June 13, 2024 (GLOBE NEWSWIRE) -- Sandeep Mendiratta (the Acquiror) today announced that on June 12, 2024, he acquired an aggregate of 8,139,812 Class A subordinate voting shares (the Shares) of NowVertical Group Inc. (NowVertical) pursuant to a deed of amendment dated April 22, 2024 (the Deed) to a share purchase agreement dated December 9, 2022, as amended (the SPA). The 8,139,812 Shares were issued from treasury to the Acquiror in full and final settlement of certain earn-out and top-up payment obligations of NowVertical under the SPA and in accordance with the Deed (the Settlement). Of the Shares: (i) 6,959,390 Shares were issued to the Acquiror at a deemed price of $0.27 per Share; and (ii) 1,180,422 Shares were issued to the Acquiror at a deemed price of $0.1575 per Share.
加拿大多倫多，2024年6月13日 /美通社/ -- 桑迪普·門迪拉塔（收購方）今天宣佈，於2024年6月12日根據於2022年12月9日修訂的股份購買協議（SPA）的修訂契約（Deed）的規定，取得NowVertical Group Inc.（以下簡稱NowVertical）8,139,812股A類次級表決股（股份）。由於SPA下NowVertical的某些收益和補充支付義務已完全得到履行，根據Deed的規定發行8,139,812股股份給收購方，作爲補償（結算）。其中：（i）6,959,390股股份以0.27美元的估值發行給了收購方；（ii）1,180,422股股份以0.1575美元的估值發行給了收購方。
Prior to the acquisition, the Acquiror owned, directly or exercised control or direction over 594,930 Shares, representing approximately 0.92% of the issued and outstanding Shares on a non-diluted basis. Following the acquisition of the aggregate 8,139,812 Shares, the Acquiror owns, directly or exercises control or direction over 8,734,742 Shares, representing 11.77% of the issued and outstanding Shares on a non-diluted basis.
在收購之前，收購方直接或間接擁有或控制了594,930股股份，約佔非攤薄基礎上已發行和流通股份的0.92％。收購8,139,812股股份後，收購方直接或間接擁有或控制了8,734,742股股份，約佔非攤薄基礎上已發行和流通股份的11.77％。
The acquisition of the Shares by the Acquiror was completed by way of issuance from treasury for investment purposes in connection with the Settlement. Depending on market conditions, the Acquiror may, from time to time, acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the NowVertical.
收購方從現金庫中發行股份用於與結算相關的投資目的。根據市場條件，收購方可能會時不時地收購其他證券，出售現有或新增的一些或所有證券，或繼續持有NowVertical的證券。
This press release is being issued pursuant to the requirements of National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues of the Canadian Securities Administrators. For further information and to obtain a copy of the early warning report that will be filed under applicable Canadian securities laws in connection with the acquisition, please see the profile for NowVertical on the SEDAR+ website at .
本新聞發佈是根據《加拿大證券管理機構規定》第62-103號-“早期警報系統及相關收購要約和內幕報告問題”的要求發佈的。有關本次收購的適用加拿大證券法的早期警報報告的詳細信息和副本，請見SEDAR+網站上的該公司簡介。加拿大證券管理機構的要求。有關該收購的進一步信息以及按照適用的加拿大證券法規規定將會被提交的預警報告，請查看SEDAR +網站上NowVertical的簡介。
To obtain a copy of the early warning report, please contact NowVertical at its head office: 545 King Street West, Toronto, Ontario, M5V 1M1.
要獲取預警報告的副本，請聯繫NowVertical總部：545 King Street West，Toronto，Ontario，M5V 1M1。
For More Information - Please contact:
更多信息 - 請聯繫：
Andre Garber, Chief Development Officer
IR@nowvertical.com
André Garber，首席發展官
IR@nowvertical.com
譯文內容由第三人軟體翻譯。