NowVertical Early Warning Press Release
NowVertical Early Warning Press Release
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 .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.
加拿大多伦多，2024年6月13日 /美通社/ -- 桑迪普·门迪拉塔（收购方）今天宣布，于2024年6月12日根据于2022年12月9日修订的股份购买协议（SPA）的修订契约（Deed）的规定，取得NowVertical Group Inc.（以下简称NowVertical）8,139,812股A类次级表决股（股份）。由于SPA下NowVertical的某些收益和补充支付义务已完全得到履行，根据Deed的规定发行8,139,812股股份给收购方，作为补偿（结算）。其中：（i）6,959,390股股份以0.27美元的估值发行给了收购方；（ii）1,180,422股股份以0.1575美元的估值发行给了收购方。
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.
在收购之前，收购方直接或间接拥有或控制了594,930股股份，约占非摊薄基础上已发行和流通股份的0.92％。收购8,139,812股股份后，收购方直接或间接拥有或控制了8,734,742股股份，约占非摊薄基础上已发行和流通股份的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.
收购方从现金库中发行股份用于与结算相关的投资目的。根据市场条件，收购方可能会时不时地收购其他证券，出售现有或新增的一些或所有证券，或继续持有NowVertical的证券。
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 .
本新闻发布是根据《加拿大证券管理机构规定》第62-103号-“早期警报系统及相关收购要约和内幕报告问题”的要求发布的。有关本次收购的适用加拿大证券法的早期警报报告的详细信息和副本，请见SEDAR+网站上的该公司简介。加拿大证券管理机构的要求。有关该收购的进一步信息以及按照适用的加拿大证券法规规定将会被提交的预警报告，请查看SEDAR +网站上NowVertical的简介。
To obtain a copy of the early warning report, please contact NowVertical at its head office: 545 King Street West, Toronto, Ontario, M5V 1M1.
要获取预警报告的副本，请联系NowVertical总部：545 King Street West，Toronto，Ontario，M5V 1M1。
For More Information - Please contact:
更多信息 - 请联系：
Andre Garber, Chief Development Officer
IR@nowvertical.com
André Garber，首席发展官
IR@nowvertical.com