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BAYLIN TECHNOLOGIES ANNOUNCES SATISFACTION OF FINANCING CONDITIONS TO COMPLETION OF THE ACQUISITION OF KAELUS AB
Baylin Technologies Inc. (the "Company") (TSX: BYL) (OTCQB: BYLTF) is pleased to announce that, in connection with its previously announced acquisition of Kaelus AB (the "Acquisition"), it has now secured the financing necessary to complete the Acquisition and has received written consent of the Company's controlling shareholder, 2385796 Ontario Inc. (the "Controlling Shareholder"), as required by the Toronto Stock Exchange ("TSX"). Closing is expected to occur on or about May 27, 2026, subject
About this update from Baylin Technologies, Inc.
[{"type":"text","content":"TORONTO, May 15, 2026 /CNW/ - Baylin Technologies Inc. (the "Company") (TSX: BYL) (OTCQB: BYLTF) is pleased to announce that, in connection with its previously announced acquisition of Kaelus AB (the "Acquisition"), it has now secured the financing necessary to complete the Acquisition and has received written consent of the Company's controlling shareholder, 2385796 Ontario Inc. (the "Controlling Shareholder"), as required by the Toronto Stock Exchange ("TSX"). Closing is expected to occur on or about May 27, 2026, subject to satisfaction of customary and other closing conditions.","length":632,"tagName":"p"},{"type":"image","alt":"Baylin Technologies Inc. Logo (CNW Group/Baylin Technologies Inc.)","displaySize":"","headline":null,"caption":"Baylin Technologies Inc. Logo (CNW Group/Baylin Technologies Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/cnwgroup.com/94b94539ac1a88c0311cf4385d0558f1"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/qRnjATTbeTACo2Upg4g82A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNQ--/https://media.zenfs.com/en/cnwgroup.com/94b94539ac1a88c0311cf4385d0558f1","width":400,"height":400},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/MN80lQEryEUDI5skAUPC.w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTY0MA--/https://media.zenfs.com/en/cnwgroup.com/94b94539ac1a88c0311cf4385d0558f1","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2981127/Baylin_Technologies_Inc__BAYLIN_TECHNOLOGIES_ANNOUNCES_SATISFACT.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The financing consists of a $30.9 million non-revolving secured credit facility arranged by SAF Group (the "Term Facility"), a Calgary-based private credit lender, of which the initial advance at closing will be $20.6 million, with a delayed advance of $10.3 million, and a previously announced offering of 41,250,000 subscription receipts (the "Subscription Receipt Offering") for gross proceeds of $10,312,500. The Term Facility is also being used to repay the Company's existing revolving credit facility.","length":532,"tagName":"p"},{"type":"text","content":"Upon closing the Acquisition, (i) it is expected that, in partial satisfaction of the purchase price payable pursuant to the...