Think Research Corporation Completes Acquisition Plan with Beedie Capital

Think Research Corporation (TSXV: THNK) announced the completion of its acquisition plan, where Beedie Investments Ltd. acquired all issued and outstanding shares for C$0.32 each. This arrangement, approved by shareholders and the Ontario Superior Court of Justice, leads to the company's delisting from the TSX Venture Exchange on April 22, 2024.

CEO Sachin Aggarwal expressed enthusiasm about future prospects under Beedie Capital's ownership. Following the deal, a $1.85 million Bridge Loan was agreed to support Think's working capital needs. Legal and financial advisories for this transaction were provided by several respected firms and a fairness opinion was given by Canaccord Genuity Corp. to Think’s Special Committee.

Significant shareholder and management changes have ensued post-arrangement, with only CEO Sachin Aggarwal retaining his board position, accompanied by new directors from Beedie Capital. The transaction has notably increased Beedie Capital's control to approximately 73% of Think’s issued and outstanding shares.