The Toronto Stock Exchange reports that Mindbeacon Holdings Inc. will be delisted at the close on Jan. 17, 2022. According to the TSX, CloudMD Software & Services Inc. has acquired all of the issued and outstanding shares of the company by way of a plan of arrangement that was approved by shareholders at a meeting held on Jan. 10, 2022. Under the arrangement, shareholders of the company are entitled to receive $1.22 in cash and 2.285 shares of CloudMD per Mindbeacon share held.
The TSX notes that no fractional CloudMD common shares will be issued in
connection with the arrangement and any such fractional
interest will be rounded down to the nearest whole
number of CloudMD common shares. Each holder of
Mindbeacon shares otherwise entitled to a fractional
interest in a common share of CloudMD will be entitled
to receive a cash payment equal to such fractional
interest multiplied by the purchaser share reference
price, rounding down to the nearest whole cent.
For more information, see Mindbeacon's management information circular dated Dec. 10, 2021, available on SEDAR.
© 2022 Canjex Publishing Ltd. All rights reserved.