Business
Seegnal Inc. (Formerly, Reem Capital Corp.) and Kalron Holdings Ltd. Announce Closing of Financings, Name Change and Consolidation
Calgary, Alberta--(Newsfile Corp. - August 22, 2025) - Seegnal Inc. (formerly, Reem Capital Cor...
About this update from Seegnal Inc.
[{"type":"text","content":"Seegnal Inc. (Formerly, Reem Capital Corp.) and Kalron Holdings Ltd. Announce Closing of Financings, Name Change and ConsolidationCalgary, Alberta--(Newsfile Corp. - August 22, 2025) - Seegnal Inc. (formerly, Reem Capital Corp. (TSXV: REEM.P) (\"Seegnal\" 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 eHealth\")) 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 eHealth 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\").CONCURRENT FINANCING The Corporation is pleased to announce that, further to its press release dated August 1, 2025 and prior to the close of the Proposed Transaction, the Corporation closed its non-brokered private placement of 1,768,750 subscription receipts for gross proceeds of $1,415,000 at $0.80 per subscription receipt (the \"Seegnal Subscription Receipts\"). The Corporation is also pleased to announce that, further to its press release dated August 1, 2025 and prior to the close of the Proposed Transaction, Kalron closed its concurrent non-brokered private placement of 2,564,665 subscription receipts for gross proceeds of $2,051,732 at $0.80 per subscription receipt (the \"Kalron Subscription Receipts\", together with the Seegnal Subscription Receipts, the \"Subscription Receipts\"). The Corporation's private placement and Kalron's private placement, are herein referred to as the \"Financings\". Each Subscription Receipt will, following the satisfaction of certain escrow release conditions, entitle the holder thereof to receive post-Proposed Transaction, without the payment of additional consideration or taking of further action, one common share in the capital of the Corporation (\"Common Share\") and one Common Share purchase warrant of the Corporation (a \"Warrant\"), with each Warrant entitling the holder thereof to acquire one Common Share at a price of $1.20 unti...