Business
AVANTE CORP. RESPONDS TO DISSIDENT SHAREHOLDER; ENCOURAGES SHAREHOLDERS TO VOTE AT UPCOMING ANNUAL GENERAL AND SPECIAL MEETING
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About this update from Avante Corp
[{"type":"text","content":"AVANTE CORP. RESPONDS TO DISSIDENT SHAREHOLDER; ENCOURAGES SHAREHOLDERS TO VOTE AT UPCOMING ANNUAL GENERAL AND SPECIAL MEETING\n\n\n\n\n\n Not for distribution to U.S. news wire services or for dissemination in the United States\n \n\n\n\n Toronto, Ontario, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Avante Corp. (TSX.V: XX) (“\n \n Avante\n \n ” or the “\n \n Corporation\n \n ”) responds to another scurrilous press release issued by George Christopoulos, a dissident shareholder with a long and well-documented pattern of disparaging the Corporation, its board (the “\n \n Board\n \n ”) and management.\n \n\n The dissident’s latest release is drawn from his familiar playbook of selective assertions, inflammatory rhetoric and self-interested demands he has made with respect to Avante and other issuers over the years. The Board will not allow serial mischaracterizations to distract from Avante’s business or its obligations to shareholders.\n \n\n Avante rejects the dissident’s recurring narrative as misleading, incomplete and designed to advance a narrow agenda at the expense of the broader shareholder base. The Board remains firmly focused on executing the Corporation’s strategy, maintaining sound governance and aligning management incentives with long-term value creation. Avante does not provide selective disclosure and does not conduct governance by press release. The Board is comprised predominantly of independent directors, all of whom are steadfastly committed to representing the interests of all shareholders. Compensation matters have been determined in accordance with all legal requirements and in accordance with established principles of good corporate governance, and are all transparently disclosed in the Corporation’s continuous disclosure record. Further, the Corporation’s stock option plan is subject to shareholder approval each year, offering shareholders a meaningful say on the Corporation’s compensation matters.\n \n\n The Corporation will continue to communicate through proper channels and will not dignify every tenuous allegation with a point-by-point rebuttal, despite the dissident’s ceaseless attempts to compel the Board and management to needlessly expend resources doing just that instead of focusing on the business. Avante w...