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Reem Capital Corp. and Kalron Holdings Ltd. (Parent Company of Seegnal eHealth Ltd.) Provide Transaction Updates
Vancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - Reem Capital Corp.  (TSXV: ...
About this update from Seegnal Inc.
[{"type":"text","content":"Reem Capital Corp. and Kalron Holdings Ltd. (Parent Company of Seegnal eHealth Ltd.) Provide Transaction UpdatesVancouver, British Columbia--(Newsfile Corp. - August 1, 2025) - Reem Capital Corp. (TSXV: REEM.P) (\"Reem\" or the \"Corporation\"), a \"capital pool company\" pursuant to the policies of the TSX Venture Exchange (the \"Exchange\") and Kalron Holdings Ltd. (\"Kalron\") (parent company of Seegnal eHealth Ltd. (\"Seegnal\")) wish to provide an update with respect to the proposed transaction between the Corporation and Kalron, pursuant to the amended and restated definitive securities exchange agreement dated January 27, 2025 (the \"Definitive Agreement\") between the Corporation, Kalron, Seegnal and certain securityholders of Kalron, in furtherance of the Corporation's proposed Qualifying Transaction (as defined in Policy 2.4 - Capital Pool Companies of the Exchange) (the \"Proposed Transaction\"). The Corporation following the completion of the Proposed Transaction is herein referred to as the \"Resulting Issuer\".CONDITIONAL ACCEPTANCE AND FINAL PROSPECTUSThe Corporation is pleased to announce that it received conditional acceptance from the TSX Venture Exchange (the \"Exchange\") relating to Proposed Transaction and has filed its final long form non-offering prospectus in connection therewith with the applicable Canadian securities regulators on SEDAR+ and is available at www.sedarplus.ca. The completion of the Proposed Transaction is subject to a number of conditions including, but not limited to, final Exchange acceptance, completion of the Financings (as discussed below) and satisfaction of other customary closing conditions.SUBSCRIPTION RECEIPT FINANCINGSFurther to the previously announced non-brokered private placement of subscription receipts of Kalron (the \"Kalron Financing\") and non-brokered private placement of subscription receipts of Reem (the \"Reem Financing\" and collectively with the Kalron Financing, the \"Financings\"), the parties intended to complete the Financings for aggregate minimum gross proceeds of $3,400,000 (the \"Minimum Gross Proceeds\") up to aggregate maximum gross proceeds of $4,000,000 (the \"Maximum Gross Proceeds\") at $0.80 per subscription receipt. (the \"Subscription Receipts\"). Each Subscription Receipt will, following the satisfaction of certain escrow release cond...