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Jabbo Capital Corp. Announces Annual General and Special Meeting to Adopt and Align the Company with the New CPC Policy
Vancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Jabbo Capital Corp. ( TSXV: J...
About this update from Jabbo Capital Corp.
[{"type":"text","content":"Jabbo Capital Corp. Announces Annual General and Special Meeting to Adopt and Align the Company with the New CPC PolicyVancouver, British Columbia--(Newsfile Corp. - April 12, 2021) - Jabbo Capital Corp. (TSXV: JAB.P) (\"Jabbo\" or the \"Company\"), a capital pool company listed on the TSX Venture Exchange (\"TSXV\" or the \"Exchange\"), announces that, pursuant to recent changes by the TSXV to its Capital Pool Company program and TSXV Policy 2.4 - Capital Pool Companies (\"Policy 2.4\"), which became effective as at January 1, 2021 (the \"New CPC Policy\"), Jabbo intends to seek the requisite approvals of the shareholders of Jabbo (the \"Shareholders\") to adopt and align the Company with the New CPC Policy at its May 10, 2021 Annual General and Special Meeting of Shareholders (the \"Meeting\").Capitalized terms used herein and not otherwise defined have the meaning ascribed to them in the TSXV Corporate Finance Manual or the New CPC Policy.At the Meeting, as required to give effect to the New CPC Policy, Shareholders will be asked to pass four separate ordinary resolutions by the affirmative vote of not less than a majority of the votes cast by disinterested Shareholders who vote in respect thereof, in person or by proxy (\"Disinterested Approval\"), to: (a) authorize the Company to approve certain amendments to its stock option plan pursuant to which the total number of common shares of the Company reserved for issuance both before and after completion of a Qualifying Transaction is 10% of the issued and outstanding common shares of the Company as at the date of grant, rather than at the closing date of its IPO;(b) approve the removal of the consequences associated with the Company not completing a Qualifying Transaction within 24 months of its listing date in accordance with the New CPC Policy;(c) authorize the Company to make certain amendments to the Company's escrow agreement to effect certain changes contemplated under the New CPC Policy; and(d) authorize and permit the Company to pay any finder's fee or commission to a Non-Arm's Length Party to the Company upon Completion of the Qualifying Transaction, in accordance with the terms of the New CPC Policy.Adoption of an Option PlanJabbo shall seek Disinterested Approval to adopt a new stock option plan under which the total number of common shares of the Company reserved f...