Business
Reem Capital Corp. and Kalron Holdings Ltd. Provide Transaction Updates
Vancouver, British Columbia--(Newsfile Corp. - June 27, 2025) - Reem Capital Corp. (TSXV: RE...
About this update from Seegnal Inc.
[{"type":"text","content":"Reem Capital Corp. and Kalron Holdings Ltd. Provide Transaction UpdatesVancouver, British Columbia--(Newsfile Corp. - June 27, 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\") 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, January 27, 2025 and April 2, 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\") and updates thereto. The Corporation following the completion of the Proposed Transaction is herein referred to as the \"Resulting Issuer\".REEM SUBSCRIPTION RECEIPT FINANCING In addition to the previously announced non-brokered private placement of Kalron (the \"Kalron Financing\") of up to 5,000,000 subscription receipts at $0.80 per subscription receipt for aggregate gross proceeds of up to $4,000,000 (or such greater amount as may be agreed to by Reem and Kalron), Reem intends to complete a non-brokered private placement (the \"Reem Financing\") of 893,750 subscription receipts (the \"Subscription Receipts\") at $0.80 per Subscription Receipt for aggregate gross proceeds of $715,000. Each Subscription Receipt will, following the satisfaction of certain escrow release conditions, entitle the holder to receive, without the payment of additional consideration or taking of further action, one unit of Reem (a \"Unit\") consisting of (i) one common share in the capital of Reem (\"Common Share\"), and (ii) one Common Share purchase warrant of Reem (a \"Reem Warrant\"), with each Reem Warrant entitling the holder thereof to acquire one Common Share at a price of $1.20 until twenty-four (24) months following the completion of the Proposed Transaction. Proceeds of the Reem Financing will be held in escrow pending satisfaction of customary escrow release conditions, including the com...