Meed Growth Corp. Enters into Letter Of Intent for Qualifying Transaction with Swirltex Holdings Corp

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[{"type":"text","content":"Meed Growth Corp. Enters into Letter Of Intent for Qualifying Transaction with Swirltex Holdings CorpCalgary, Alberta--(Newsfile Corp. - August 15, 2023) - Meed Growth Corp. (TSXV: MEED.P) (\"Meed\") and Swirltex Holdings Corp. (\"Swirltex\"), today announced that they have entered into a non-binding letter of intent, dated August 3, 2023, and accepted August 11, 2023 (the \"LOI\"), which outlines the general terms and conditions of a proposed business combination.About SwirltexSwirltex, headquartered in Calgary, AB, Canada, is a clean technology company that specializes in water treatment through its wholly owned subsidiaries. Swirltex's technology is a buoyancy-enhanced membrane filtration process that treats challenging wastewater streams at higher throughput, lower energy consumption, and in a broader range of climates. This patented process can use membranes in applications where conventional membranes cannot be successfully applied. Swirltex's process allows them to provide wastewater treatment solutions with smaller footprints and fewer annual maintenance requirements. Swirltex's primary client base is heavy industrial applications, which include lithium brine management, coal and mining applications, oil and gas processes, industrial ponds and the pulp and paper industry.About MeedMeed is a \"capital pool company\" that completed its initial public offering in July 2021. The common shares of Meed (\"Meed Shares\") are listed for trading on the TSX Venture Exchange (\"TSXV\") under the stock symbol MEED.P. Meed has not commenced commercial operations and has no assets other than cash. It is intended that the Transaction (as defined below), when completed, will constitute the \"Qualifying Transaction\" of Meed pursuant to Policy 2.4 - Capital Pool Companies (the \"CPC Policy\") of the TSXV.Terms of the TransactionThe proposed business combination would occur by way of a share exchange, merger, amalgamation, arrangement, takeover bid, or other similar form of transaction, which will result in Swirltex, and in turn its various subsidiaries, at the applicable time (or successor corporation, as the case may be) becoming a wholly owned subsidiary of Meed or otherwise combining its corporate existence with that of Meed (the \"Transaction\"). Meed, after completion of the Transaction, is referred to herein as the \"Resulting Issu...

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