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Independent Proxy Advisory Firm, ISS, Recommends DDC Shareholders Vote FOR the DDC Transaction Resolution
Independent Proxy Advisory Firm, ISS, Recommends DDC Shareholders Vote FOR the DDC Transaction Re...
About this update from Volatus Aerospace Inc.
[{"type":"text","content":"\n\n\n\n Independent Proxy Advisory Firm, ISS, Recommends DDC Shareholders Vote FOR the DDC Transaction Resolution\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VAUGHAN, ON\n \n\n ,\n \n\n Aug. 12, 2024\n \n\n /CNW/ - Drone Delivery Canada Corp. (\"\n \n Drone Delivery Canada\n \n \" or \"\n \n DDC\n \n \") (TSXV: FLT) (OTCQX: TAKOF) (\n \n Frankfurt\n \n : A3DP5Y) (Frankfurt: ABBA.F), is pleased to announce that Institutional Shareholder Services Inc. (\"\n \n ISS\n \n \"), a leading independent proxy advisory firm, has recommended that holders (the \"\n \n DDC Shareholders\n \n \") of common shares in the capital of DDC (\"\n \n DDC Common Shares\n \n \") and variable voting shares in the capital of DDC vote\n \n\n FOR\n \n\n the ordinary resolution (the \"\n \n DDC Transaction Resolution\n \n \") approving the issuance by DDC of up to such number of DDC Common Shares as may be required to be issued in connection with the acquisition by DDC of all of the issued and outstanding common shares in the capital of Volatus Aerospace Corp. (\"\n \n Volatus\n \n \") by way of a proposed plan of arrangement under Section 182 of the\n \n Business Corporations Act\n \n (\n \n Ontario\n \n ) (the \"\n \n Transaction\n \n \") as contemplated by the business combination agreement between DDC and Volatus dated as of\n \n May 20, 2024\n \n , as the same may be amended, supplemented or otherwise modified from time to time in accordance with its terms.\n \n\n\n\n\n\n\n\n\n Upon closing of the Transaction, DDC and Volatus have agreed that the combined company will continue under the name \"Volatus Aerospace Inc.\" rather than \"Volatus Aerospace Corp. as previously disclosed.\n \n\n By joining forces, Volatus and DDC plan to immediately begin comme...