Some of the specific forward-looking statements in this news release include, but are not limited to, statements with respect to: the Transaction including the approval process and expected timing of closing of the Transaction; statements relating to Court approval; statements relating to the delisting of Shares from the TSXV following closing of the Transaction; the expectation that the Company will cease to be a reporting issuer following closing of the Transaction; and statements relating to other anticipated impacts of the Transaction.
99.99% of Votes Cast by Shareholders Voted in Favour of Transaction with Battery VenturesOTTAWA, May 08, 2024 (GLOBE NEWSWIRE) -- TrueContext Corporation ("TrueContext” or the "Company”) (TSXV:TCXT), a global leader in field intelligence, is pleased to announce that at its special meeting ("Meeting”) of shareholders of the Company (the "Shareholders”) held today, the Shareholders voted to approve the previously announced plan of arrangement under the Business Corporations Act (Ontario) pursuant to which an entity controlled by Battery Ventures will acquire all of the issued and outstanding common shares of the Company (the "Shares”) at a price of $1.07 in cash per Share (the "Transaction”).
Such risks and uncertainties include, but are not limited to, the inherent risks and uncertainties surrounding future expectations of the Company, general economic, market and business conditions in Canada and globally, governmental and regulatory requirements and actions by governmental authorities, changes and competition in the technology industry, financing and refinancing risks, changes in economic conditions, changes in interest rates, changes in taxation rules, reliance on key personnel and potential diversion of management time on the Transaction, environmental matters and fluctuations in commodity prices.
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