OneSoft Solutions Shareholders Approve Acquisition by irth Solutions

On October 24, 2024, OneSoft Solutions Inc. announced the approval of its acquisition by irth Solutions LLC. During a special meeting, 77.3% of OneSoft's shareholders participated, with 92.3% voting in favor of the transaction. Irth Solutions, a Blackstone portfolio company, is set to acquire all outstanding common shares of OneSoft for $0.88 CAD per share, amounting to approximately $113.4 million CAD.

The transaction awaits final approval from the Court of King's Bench of Alberta, expected on November 1, 2024. The closure is contingent on customary conditions for such deals. Post-completion, OneSoft's shares will be delisted from the TSX Venture Exchange.

Shareholders are reminded to follow instructions in the Letter of Transmittal sent earlier. The focus remains on managing transitions and fulfilling legal requirements as the acquisition progresses.