Business
Reem Capital Corp. and Kalron Holdings Ltd. Provide Business and Transaction Updates
Vancouver, British Columbia--(Newsfile Corp. - April 2, 2025) -  Reem Capital Corp. (TSXV: R...
About this update from Seegnal Inc.
[{"type":"text","content":"Reem Capital Corp. and Kalron Holdings Ltd. Provide Business and Transaction UpdatesVancouver, British Columbia--(Newsfile Corp. - April 2, 2025) -  Reem Capital Corp. (TSXV: REEM.P) (the \"Corporation\" or \"Reem\"), a \"capital pool company\" pursuant to the policies of the TSX Venture Exchange (the \"Exchange\") and Kalron Holdings Ltd. (\"Kalron\") wish to provide an update with respect to the proposed transaction between the Corporation and Kalron, further to the news releases of September 22, 2023 and January 27, 2025 announcing the amended and restated definitive securities exchange agreement dated January 27, 2025 (the \"Definitive Agreement\") between the Corporation, Kalron, Seegnal eHealth Ltd. (\"Seegnal\"), a subsidiary of Kalron, 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\".In connection with the Proposed Transaction, the Corporation filed a preliminary prospectus dated March 31, 2025 (the \"Preliminary Prospectus\") to enable the Corporation to complete its proposed Qualifying Transaction with Kalron.PROPOSED MANAGEMENT AND DIRECTORS OF RESULTING ISSUER Subject to Exchange approval, upon completion of the Proposed Transaction, it is the intention of the Corporation and Kalron to establish and maintain a board of directors of the Resulting Issuer with a combination of appropriate skill sets that is compliant with all regulatory and corporate governance requirements, including any applicable independence requirements. It is expected that the board of directors and senior officers of the Resulting Issuer will include the following individuals and a brief biography of each is as follows. Eyal Schneid, Chief Executive Officer Mr. Schneid has over 25 years of experience managing and selling B2B software solutions globally. His expertise focuses on business turn-around, setting up businesses for global companies, and growth. Mr. Schneid has served as a P&L business unit leader for Amdocs (listed on NASDAQ), a $300M P&L Division Manager for CSG International (listed on NASDAQ), a Managing Director for John Bryce Training UK, and a ra...