OneSoft Solutions Inc. Enters Into Arrangement Agreement to Be Acquired by Irth Solutions LLC
OneSoft Solutions Inc. Enters Into Arrangement Agreement to Be Acquired by Irth Solutions LLC
Shareholders to receive cash payment of $0.88 per Share
Purchase price represents a 42% premium to the closing price of the Shares on August 9, 2024 and a 28% premium to the 20 day volume-weighted average trading price of the Shares
Board of Directors unanimously recommends that shareholders vote in favour of the Arrangement Agreement; transaction expected to close in Q4 2024
股東將會獲得每股0.88美元的現金支付。
購買價格相當於2024年8月9日股票收盤價的溢價42%,相當於股票20天成交量加權平均價的溢價28%。
董事會一致推薦股東投票贊成安排協議;交易預計將在2024年第四季度完成。
EDMONTON, AB / ACCESSWIRE / August 12, 2024 / OneSoft Solutions Inc. (TSX-V:OSS) ("OneSoft" or the "Company") is pleased to announce that it has entered into a binding arrangement agreement dated August 12th, 2024 (the "Arrangement Agreement") with irth Solutions LLC and its wholly-owned subsidiary irth Acquisition Corp. (collectively "Irth"), a Blackstone portfolio company, pursuant to which Irth will acquire all of the issued and outstanding shares of OneSoft (the "Shares") for $0.88 in cash per Share (the "Consideration"), representing a total cash equity value of approximately CDN$113 million on a fully-diluted basis (the "Transaction").
2024年8月12日/ACCESSWIRE/艾德蒙頓/OneSoft Solutions Inc. (TSX-V:OSS) ("OneSoft" 或 "公司") 非常高興地宣佈,該公司已於2024年8月12日簽訂了具有約束力的安排協議( "安排協議"),與黑石投資組合公司irth Solutions LLC及其全資子公司irth Acquisition Corp.(統稱"Irth"),根據該協議,Irth股本中的全部已發行和流通股份( "股份")將以每股0.88美元的現金收購,代表完全攤薄基礎上約1.13億加元的現金股權價值( "交易").
The Consideration represents premiums of approximately 42% and 28% to the closing price and 20-day volume weighted average closing price of the Shares, respectively, on the TSX Venture Exchange (the "TSX-V"), on August 9, 2024. OneSoft shareholders ("Shareholders") and holders of restricted share units ("RSU") will receive $0.88 per Share or per RSU. Holders of options to purchase Shares ("Options") will receive the amount by which the Consideration exceeds the exercise price of the Options. All unvested RSUs and Options will fully vest immediately prior to the change of control of the Company and will entitle such holders to the above Consideration.
代價分別爲每股$0.88美元或每個受限制股票單位(RSU);持股期權的持有人將獲得超過期權行使價格的代價。所有未歸屬的RSU和期權將在公司控制權變更前立即歸屬,並使這些持有人有資格獲得以上代價。
"This transaction is an important milestone in OneSoft's journey and is highly beneficial to all shareholders and stakeholders," said Dwayne Kushniruk, OneSoft CEO. "Irth will continue supporting OneSoft's employees and customers while providing our shareholders with an attractive share price premium and full liquidity for their Shares."
"這項交易是OneSoft旅程中的重要里程碑,對所有股東和利益相關者都非常有益,"OneSoft首席執行官Dwayne Kushniruk說:"Irth將繼續支持OneSoft的員工和客戶,同時爲我們的股東提供有吸引力的股票價格溢價和股票充分流動性。"
"Irth fully understands the value of the OneSoft team and technology and how these can be leveraged to advance both Irth's and OneSoft's business operations and value," said Brad Gammons, Irth's CEO. "Our technologies, product offerings, skill-sets, clients and strategies are highly complementary and we look forward to combining our best-in-class operations to generate greater value for all of our clients, partners and the critical network infrastructure industry."
"Irth完全理解OneSoft團隊和技術的價值,以及如何利用它們來推進Irth和OneSoft的業務運營和價值,"Irth的首席執行官Brad Gammons說:"我們的技術、產品、技能、客戶和策略極其互補,我們期待着將我們的最佳操作相結合,爲我們所有的客戶、合作伙伴和關鍵網絡基礎設施行業創造更大的價值。"
Transaction Details
交易詳情
The Transaction will be implemented by way of a statutory plan of arrangement under the Business Corporations Act (Alberta). Completion of the Transaction is subject to customary conditions, including court, regulatory and TSX-V approval and the approval of (i) at least two-thirds of the votes cast by Shareholders by proxy or at the Shareholder meeting to consider the proposed transaction (the "Meeting"), which is expected to be held in October 2024; and (ii) if required, a simple majority of the votes cast by Shareholders by proxy or at the Meeting (other than the votes of Shareholders excluded for the purposes of any "minority approval" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ).
交易將通過阿爾伯塔省《公司法》的法定安排計劃執行。完成交易受慣例條件的約束,包括法院、監管和TSX-V的批准以及股東的(i)至少採用股東按比例或在考慮提議交易的股東大會("會議")上通過的投票中的三分之二;和(ii)如果需要,股東按比例或在會議上投票(除了根據61-101號多邊法令規定的任何"少數股權"被排除的股東的投票)的簡單多數方可以通過交易。
In connection with the Transaction, all directors and officers of the Company, holding in aggregate approximately 25% of the issued and outstanding Shares, have entered into irrevocable voting and support agreements with Irth, pursuant to which they have agreed to vote all of their respective Shares in favour of the Transaction.
與交易相關的公司的所有董事和高級職務人員合計持有約25%的已發行和流通股份,已簽署與Irth的不可撤銷的投票和支持協議,根據協議,他們已同意投票贊成交易。
The Arrangement Agreement contains customary representations, warranties and covenants, including customary non-solicitation covenants from OneSoft, as well as "right to match" provisions in favour of Irth.
安排協議包含慣例的聲明、擔保和契約,包括OneSoft的慣例非招攬契約,以及Irth的"匹配權"條款。
Subject to the satisfaction of all conditions to closing pursuant to the Arrangement Agreement, the Transaction is anticipated to be completed in the fourth quarter of 2024. Upon closing of the Transaction, the Shares will be delisted from the TSX-V as well as the OTCQB market and OneSoft will cease to be a reporting issuer under applicable Canadian securities laws.
在滿足安排協議的所有結束條件的情況下,交易有望在2024年第四季度完成。交易完成後,股份將從TSX-V和OTCQb市場退市,並且OneSoft將不再是適用的加拿大證券法規下的報告發行人。
Copies of the Arrangement Agreement will be publicly filed by OneSoft on its profile on SEDAR+ at . Additional details regarding the terms and conditions of the Transaction, the background to the Transaction and the rationale for the recommendation made by a special committee (the "Special Committee") consisting of the independent members of OneSoft's board of directors (the "Board") and the Board will be set out in the management information circular to be mailed to shareholders in connection with the Meeting and filed by OneSoft on its profile on SEDAR+ at .
OneSoft將在其在SEDAR +上的個人資料上公開提交安排協議副本。更多關於交易條款和條件、交易背景和提議交易的特別委員會("特別委員會")的建議的理由的詳細信息將在OneSoft在SEDAR +上的個人資料上公佈的管理信息通知中設置。
Voting Recommendation and Fairness Opinion
投票建議和公正意見
The announcement of the Transaction follows the unanimous recommendation of the Transaction by the Special Committee. The Board, after receiving the unanimous recommendation of the Special Committee, and in consultation with its financial and legal advisors, has determined that the Transaction is: (i) fair to the Shareholders, and (ii) is in the best interests of OneSoft. The Board has unanimously approved the Transaction and recommends that Shareholders vote in favour of the Transaction.
交易的公告是特別委員會一致推薦交易的結果。在接到特別委員會的一致建議後,董事會在與其財務和法律顧問磋商後確定交易:(i)對股東公平,並(ii)符合OneSoft的最佳利益。董事會已一致批准交易,並建議股東投票贊成交易。
In connection with its review and consideration of the Transaction, the Special Committee retained Grant Thornton LLP ("Grant Thornton") as its financial advisor in respect of the Transaction. Grant Thornton will be paid a fee based on time spent in respect of its services to the Special Committee, payment of which is not dependent upon completion of the Transaction.
與交易的審查和考慮有關,特別委員會聘請Grant Thornton LLP("Grant Thornton")作爲其在交易方面的財務顧問。 Grant Thornton將根據其爲特別委員會提供的服務的時間支付費用,支付不依賴於完成交易。
Grant Thornton has provided a fairness opinion to the Special Committee and Board to the effect that, as of the date thereof, subject to the assumptions, limitations and qualifications communicated to the Special Committee, and required to be stated in such opinions, the consideration to be received by Shareholders pursuant to the Transaction is fair, from a financial point of view, to Shareholders.
Grant Thornton已爲特別委員會和董事會提供了公正意見,認爲根據假設、限制和必須在此類意見中聲明的資格要求,交易的收購代價是公平的,從財務角度來看,對股東公平。
Advisors
顧問
Grant Thornton LLP is acting as financial advisor to the Company. Parlee McLaws LLP is acting as legal advisor to the Company. John W. McClure Professional Corporation is acting as independent legal advisor to the Special Committee. RBC Capital Markets and Cantor Fitzgerald are acting as financial advisors to Irth. McGuire Woods LLP and McMillan LLP are acting as legal advisor to Irth.
Grant Thornton LLP擔任公司的財務顧問。Parlee McLaws LLP擔任公司的法律顧問。John W. McClure Professional Corporation擔任特別委員會的獨立法律顧問。 RBC資本市場和卡通菲茨傑拉德擔任Irth的財務顧問。 McGuire Woods LLP和McMillan LLP擔任Irth的法律顧問。
About OneSoft and OneBridge
關於OneSoft和OneBridge
OneSoft is the creator of Cognitive Integrity Management or CIM software, an AI-powered enterprise pipeline integrity management software-as-a-service solution. OneSoft's clients collectively manage approximately 150,000 miles of oil and gas pipeline assets and rely on CIM for asset integrity, regulatory and operational functionality. OneSoft has industry-leading clients situated in the U.S.A., Canada, Australia and Colombia, including several Fortune 50, 100 and 500 companies and two of the industry's five supermajors. These clients utilize the CIM platform to optimize management of their pipeline assets, save operational costs and reduce pipeline failures and risks.
OneSoft是Cognitive Integrity Management或CIm軟件的創建者,這是一種由AI支持的企業管道完整性管理軟件即服務解決方案。 OneSoft的客戶共管理約150,000英里的油氣管道資產,並依靠CIm進行資產完整性、監管和操作功能。 OneSoft在美國、加拿大、澳大利亞和哥倫比亞擁有行業領先的客戶,包括數家財富50、100和500強公司以及五家超級主導公司中的兩家。這些客戶利用CIm平台優化他們的管道資產管理,節省營運成本,並減少管道故障和風險。
OneSoft has developed software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate data science and machine learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit for more information.
OneSoft已開發出具有能力將傳統的許可軟件應用程序轉換爲在Microsoft Azure Cloud平台上運行的軟件技術和產品。我們的業務策略是尋求機會,將數據科學和機器學習、商業智能和預測分析納入其中,以創建成本效益高、基於訂閱的軟件即服務解決方案。訪問 以獲取更多信息。
OneSoft's wholly-owned subsidiaries, OneBridge Solutions, Inc. and OneBridge Solutions Canada Inc. develop and market revolutionary new SaaS solutions that use advanced data science and machine learning to analyze big data using predictive analytics to assist oil and gas pipeline operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs, and address regulatory compliance requirements. Visit for more information.
OneSoft的全資子公司OneBridge Solutions,Inc.和OneBridge Solutions Canada Inc.開發並推廣了革命性的新型SaaS解決方案,利用先進的數據科學和機器學習,通過預測分析大數據來幫助石油和天然氣管道運營商預測管道故障,從而拯救生命,保護環境,降低運營成本和滿足監管合規要求。訪問了解更多信息。
For more information, please contact
如需更多信息,請聯繫
Dwayne Kushniruk, CEO |
Sean Peasgood, Investor Relations |
Dwayne Kushniruk,首席執行官 |
+1 647 503 1054 |
About Irth
關於Irth
Irth has served the critical network infrastructure industry for over 25 years developing and delivering enterprise software that blends business intelligence, artificial intelligence and geospatial data to provide the 360-degree situational awareness that owners and operators of critical network infrastructure need to intelligently and proactively mitigate and manage risk.
Irth已經服務於關鍵網絡基礎設施行業超過25年,開發和交付企業軟件,將商業智能、人工智能和地理空間數據融合在一起,提供所有者和運營商需要的360度情境意識,以便智能和預防性地減輕和管理風險。
For more details, visit
欲了解更多詳情,請訪問
For more information, please contact
如需更多信息,請聯繫
Brad Gammons, CEO |
Brad Gammons,首席執行官 |
Forward-looking Statements
前瞻性聲明
This news release contains forward-looking statements relating to the proposed Transaction and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects", "believe", "will", "intends", "plans" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided to deliver information about management's current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.
本新聞發佈包含與擬議交易有關的前瞻性聲明和其他非歷史事實的聲明。前瞻性聲明通常使用"可能"、"應該"、"預計"、"期望"、"相信"、"將"、"打算"、"計劃"等表達方式進行識別。本新聞發佈中包含的任何不是歷史事實的陳述都可能被視爲前瞻性聲明。此類前瞻性信息是提供有關管理層當前的預期和計劃,以便於未來做出決策。投資者應注意,依賴此類信息可能不合適,例如用於做出投資決策等其他用途。
In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: the ability to obtain necessary court, shareholder, regulatory, and stock exchange approvals and the timing of the Transaction, including the expected closing date. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include but are not limited to the risks associated with a change in applicable law, a material adverse change to OneSoft and the failure to obtain necessary court, shareholder, regulatory and stock exchange approvals.
關於前瞻性信息和聲明,公司已經依賴了一些在此時被認爲是合理的假設,包括有關事項的期望和假設:能夠獲得必要的法院、股東、監管和股票交易所批准以及交易時間,包括預計的交割日期。因此,讀者不應該過度依賴於本新聞發佈中包含的前瞻性信息。由於前瞻性信息涉及未來事件和條件,因此這種信息本質上會涉及固有的風險和不確定性。由於許多因素和風險,實際結果可能與當前預期的結果有很大差異。其中包括但不限於與適用法律的變更、OneSoft的重大不利變化以及未能獲得必要的法院、股東、監管和股票交易所批准等相關的風險。
Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by Canadian securities law.
讀者應注意,上述因素的列表不是詳盡無遺的。本新聞發佈中包含的前瞻性聲明明確受到此警告聲明的限制。本新聞發佈中包含的前瞻性聲明是自本新聞發佈日期起,公司不承擔任何公開更新或修訂任何包含的前瞻性聲明的義務,除非加拿大證券法明確要求。
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.
本新聞發佈不構成在美國出售或要約購買任何證券的要約。將要提供的證券未經美國證券法(經修正)或任何州證券法的註冊即不得出售或出售。
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
tsxv尚未審查本公告的充分性或準確性並不承擔責任。
SOURCE: OneSoft Solutions Inc.
消息來源:OneSoft Solutions Inc。