Consideration

mdf commerce enters definitive agreement to be acquired by KKR

Retrieved on: 
Monday, March 11, 2024

Upon completion of the Transaction, mdf commerce will become a privately held company.

Key Points: 
  • Upon completion of the Transaction, mdf commerce will become a privately held company.
  • “We are excited to strategically partner with KKR to accelerate our expansion and scale our industry-leading platform even further.
  • I am confident that KKR is the ideal partner for mdf commerce and can contribute to the Company’s continued success.”
    “KKR is closely aligned with management’s vision to accelerate technology innovation across the broader mdf commerce platforms,” said John Park, Partner at KKR.
  • “We look forward to the enormous opportunity ahead for the mdf commerce eProcurement platform as governments increasingly embrace digital solutions.

Yintai to Acquire Osino in an All-Cash Transaction for C$368 million

Retrieved on: 
Sunday, February 25, 2024

VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 25, 2024 (GLOBE NEWSWIRE) -- Yintai Gold Co., Ltd (000975.CN) ("Yintai") and Osino Resources Corp. (TSX:OSI.V) (NSX:OSN) (FSE:RSR1) ("Osino") are pleased to announce that they have entered into a binding arrangement agreement (the "Yintai Arrangement Agreement"), pursuant to which Yintai will acquire all of the outstanding common shares of Osino (each, an "Osino Common Share") by way of a plan of arrangement (the "Yintai Arrangement"), for cash consideration of C$1.90 for each Osino Common Share, valuing Osino at approximately C$368 million.
  • Accordingly, the Osino Board and the Special Committee recommend that Osino shareholders vote IN FAVOUR of the Transaction.
  • The Yintai Arrangement Agreement also provides for a termination fee of US$9.55 million, payable by Osino to Yintai in certain specified circumstances along with the repayment or conversion of the loan.
  • The Yintai Arrangement Agreement also includes a reverse termination fee in the amount of US$9.55 million, payable by Yintai to Osino in certain other specified circumstances.

BIT Mining Limited Completes Sale of its Mining Pool Business

Retrieved on: 
Monday, March 4, 2024

AKRON, Ohio, March 4, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the closing and completion of its previously announced sale of its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million (the "Consideration").

Key Points: 
  • AKRON, Ohio, March 4, 2024 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today announced the closing and completion of its previously announced sale of its entire mining pool business operated under BTC.com (the "Business") to Esport – Win Limited, a Hong Kong limited liability company, for a total consideration of US$5 million (the "Consideration").
  • The Business has been transferred to Esport – Win Limited.
  • As the transferred Business had approximately US$17 million in net liability as of January 31, 2024, the sale of the Business will result in an increase of approximately US$19 million in the total shareholders' equity of BIT Mining.
  • Xianfeng Yang, Chief Executive Officer of BIT Mining, commented, "The successful completion of this transformative transaction represents a pivotal milestone for BIT Mining, enabling the Company to heighten our focus on our remaining business units with a streamlined approach.

IAB Tech Lab Releases In-Depth Analysis of Google's Privacy Sandbox for Public Comment, Revealing Significant Challenges

Retrieved on: 
Tuesday, February 6, 2024

NEW YORK, Feb. 6, 2024 /PRNewswire/ -- Today, IAB Tech Lab, the global digital advertising technical standards-setting body, released a comprehensive analysis shedding light on the challenges associated with the industry's adoption of Google's Privacy Sandbox. The analysis, conducted by IAB Tech Lab's Privacy Sandbox Taskforce, explores the implications of Google's plan to eliminate third-party cookie-based tracking from its Chrome browser while replacing it with the Privacy Sandbox. IAB Tech Lab is inviting industry stakeholders to participate in a 45-day period for public comments, which will remain open until March 22, 2024.

Key Points: 
  • The analysis, conducted by IAB Tech Lab's Privacy Sandbox Taskforce , explores the implications of Google's plan to eliminate third-party cookie-based tracking from its Chrome browser while replacing it with the Privacy Sandbox.
  • IAB Tech Lab is inviting industry stakeholders to participate in a 45-day period for public comments, which will remain open until March 22, 2024.
  • "Embracing Google's Privacy Sandbox is a seismic shift in the advertising landscape, departing from the industry's trajectory over the past 25 years," said Anthony Katsur, CEO, IAB Tech Lab.
  • The analysis identified several key issues that underscore the challenges media companies, advertisers, and the broader industry face in adapting to the changes mandated by Privacy Sandbox.

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company

Retrieved on: 
Tuesday, January 30, 2024

CALGARY, AB, Jan. 30, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").

Key Points: 
  • CALGARY, AB, Jan. 30, 2024 /PRNewswire/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability.
  • SEA Electric produces the SEA-Drive propulsion technology that controls all the components that electrify a vehicle.
  • The Merger Agreement also contains customary representations, warranties and covenants, including non-solicitation covenants applicable to Exro and SEA.

Exro Announces Merger with SEA Electric to Create Leading e-Mobility Technology Company and Concurrent C$42 Million Capital Raise Transactions

Retrieved on: 
Tuesday, January 30, 2024

Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements

Key Points: 
  • Concurrent C$42 Million capital raise to fund capital expenditures, working capital, and general business requirements
    CALGARY, AB, Jan. 30, 2024 /CNW/ - Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF) (the "Company" or "Exro") and SEA Electric Inc. ("SEA" or "SEA Electric") announced today that they have entered into an agreement (the "Merger Agreement") providing for the acquisition of SEA by Exro (the "Transaction").
  • "We are pleased to announce the merger between Exro and SEA Electric, which unites our complementary EV technology platforms and unlocks substantial opportunities for growth and path to profitability.
  • SEA Electric produces the SEA-Drive propulsion technology that controls all the components that electrify a vehicle.
  • In addition, Exro will assume approximately US$46 million (C$62 million) in SEA net debt as part of the Transaction.

Prime Drink Group Corp. Enters Into Binding Letter of Intent To Acquire Triani Canada Inc.

Retrieved on: 
Monday, January 22, 2024

MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).

Key Points: 
  • MONTREAL, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Prime Drink Group Corp. (CSE: PRME) (“Prime” or the “Company”) announces that it has entered into a binding letter of intent dated January 21, 2024 (the “Letter of Intent”) with 9296-0186 Québec Inc. (“9296”) whereby the Company will acquire all of the issued and outstanding common shares of Triani Canada Inc. (“Triani”, and together with 9296, the “Vendor”) from 9296 by way of business combination (the “Proposed Transaction”).
  • Founded in 2015, Triani experienced solid growth following the company’s successful foray into Québec grocery stores with its Cantini, Ettaro, and Enjoy wine brands.
  • Triani produces and markets Octane, Mojo, Baron, and Seagram malt-based alcoholic beverages, as well as non-alcoholic products under the Hickson brand.
  • There can be no assurance that the trading of Prime Shares will resume prior to the completion of the Proposed Transaction.

NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc

Retrieved on: 
Monday, January 22, 2024

SLIEMA, Malta, Jan. 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc (C 39017) (the "Company") convened in terms of article 135 (1)(b) of the Companies Act (Cap.

Key Points: 
  • SLIEMA, Malta, Jan. 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc (C 39017) (the "Company") convened in terms of article 135 (1)(b) of the Companies Act (Cap.
  • Please note that SDR holders cannot exercise their voting rights via these channels, they are for support purposes only.
  • the updating of details set out in the Memorandum of Association for the purpose of reflecting information filed with the Malta Business Registry.
  • The Directors therefore recommend that the shareholders vote in favour of the said resolution at the forthcoming EGM.

NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc

Retrieved on: 
Monday, January 22, 2024

SLIEMA, Malta, Jan. 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc (C 39017) (the "Company") convened in terms of article 135 (1)(b) of the Companies Act (Cap.

Key Points: 
  • SLIEMA, Malta, Jan. 22, 2024 /PRNewswire/ -- NOTICE IS HEREBY GIVEN that THE EXTRAORDINARY GENERAL MEETING ("EGM") of Kindred Group plc (C 39017) (the "Company") convened in terms of article 135 (1)(b) of the Companies Act (Cap.
  • Please note that SDR holders cannot exercise their voting rights via these channels, they are for support purposes only.
  • the updating of details set out in the Memorandum of Association for the purpose of reflecting information filed with the Malta Business Registry.
  • The Directors therefore recommend that the shareholders vote in favour of the said resolution at the forthcoming EGM.

Q4 Inc. Receives Support from Independent Proxy Advisor ISS and Issues Materials Detailing Why Shareholders Should Vote FOR the Value-Maximizing Proposed Acquisition by Sumeru Equity Partners

Retrieved on: 
Wednesday, January 10, 2024

The full text of the letter follows:

Key Points: 
  • The full text of the letter follows:
    Deadline to Submit Your Proxy Vote is January 22, 2024 at 10 a.m. (Toronto Time).
  • Thank you for your investment in Q4 Inc. (TSX:QFOR) (“Q4” or the “Company”).
  • We believe that the rationale for the Arrangement is clear and that it represents the optimal pathway for Shareholders.
  • Shareholders who have questions regarding the Arrangement or require assistance with voting may contact Laurel Hill Advisory Group, the Company’s shareholder communications advisor and proxy solicitation agent at: