Business
Early Warning Press Release - Acquisition of Common Shares of WELL Health Technologies Corp.
Early Warning Press Release - Acquisition of Common Shares of WELL Health Technologies Corp. ...
About this update from Well Health Technologies Corp.
[{"type":"text","content":"\n\n\n\n Early Warning Press Release - Acquisition of Common Shares of WELL Health Technologies Corp.\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n HONG KONG\n \n\n ,\n \n\n Oct. 15, 2024\n \n\n /CNW/ - Ms. CHAU Hoi Shuen Solina Holly (the \"\n \n Acquiror\n \n \"), announces the filing of an early warning report in connection with the indirect acquisition of 18,667,421 common shares (\"\n \n Shares\n \n \") in the capital of WELL Health Technologies Corp. (\"\n \n WELL\n \n \") (TSX: WELL).\n \n\n The Acquiror indirectly purchased from a shareholder of WELL, by way of a private share purchase agreement, 18,667,421 Shares at a price of\n \n CAD$4.34\n \n per share representing a total purchase price of\n \n USD$60,171,034.12\n \n (the \"\n \n Transaction\n \n \").\n \n\n Prior to the Transaction, the Acquiror indirectly owned, or exercised control or direction over, 17,508,146 Shares of WELL, representing approximately 7% of the outstanding Shares (based upon 248,970,428 issued and outstanding Shares as at\n \n August 13\n \n , 2024).  Following the Transaction, the Acquiror indirectly owns, or exercises control or direction over 36,175,567 Shares, representing approximately 14.53% of the issued and outstanding Shares (based upon 248,970,428 issued and outstanding Shares of WELL as at\n \n August 13, 2024\n \n ).\n \n\n At this time the Acquiror does not have any plans that would result in any of the following: (a) the acquisition of additional securities of WELL, or the disposition of securities of WELL; (b) a corporate transaction, such as a merger, reorganization or liquidation, involving WELL or any of its subsidiaries; (c) a sale or transfer of a material amount of the assets of WELL or any of its subsidiaries; (d) a change in the board of directors or management of WELL, including any plans or intentions to change the number or term of directors or to fill any existing vacancy on the board; (e) a material change in the present capitalization or dividend policy of WELL; (f) a material change in WELL's business or corp...