Axis Initiates a Strategic Review
Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a fintech lender changing the way Canadians finance used vehicles, announces that it has initiated a review of strategic alternatives to maximize shareholder value and in connection therewith has formed a special committee of independent directors (the "Special Committee") to oversee this process.
- Axis Auto Finance Inc. (“Axis” or the “Company”) ( TSX: AXIS ), a fintech lender changing the way Canadians finance used vehicles, announces that it has initiated a review of strategic alternatives to maximize shareholder value and in connection therewith has formed a special committee of independent directors (the "Special Committee") to oversee this process.
- In response to incoming expressions of interest, Axis through the Special Committee, will evaluate a range of alternatives to determine the best path forward to maximize value for shareholders.
- The Board has not set a timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time.
- There can be no assurance that the strategic review and the preliminary non-binding discussions will result in any binding offer or any other transaction, or of the pricing of any such possible transaction.