CALGARY, Canada, June 26, 2026--(BUSINESS WIRE)--Blackline Safety Corp. ("Blackline" or the "Company") (TSX:BLN), a global leader in connected safety technology, today announced that it has received the final outstanding regulatory approval in France for the completion of the previously announced plan of arrangement (the "Arrangement") with Apollo Purchaser, Inc. (the "Purchaser") an affiliate of Francisco Partners Management, L.P., pursuant to which the Purchaser will acquire: (i) all of the issued and outstanding Shares (other than in respect of certain Shares that were rolled over for equity of the Purchaser or an affiliate thereof (the "Rollover Shares") for up to $9.50 per Share, comprised of $9.00 per Share in cash on closing of the Arrangement plus a contingent value right (a "CVR") of up to $0.50 per Share; and (ii) all of the Rollover Shares for equity of the Purchaser or an affiliate thereof.
The Court of King's Bench of Alberta granted the Final Order in respect of the Arrangement on June 15, 2026 and the Arrangement was also approved by Blackline shareholders on June 15, 2026. The Arrangement is expected to close on or about June 30, 2026, subject to the satisfaction or waiver of other customary closing conditions.
About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT (Internet of Things). With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with customers in more than 75 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 323 billion data-points and initiated over eight million emergency alerts. For more information, visit BlacklineSafety.com and connect with us on Facebook, X (formerly Twitter), LinkedIn and Instagram.
Note Regarding Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information (collectively "forward-looking information") within the meaning of applicable securities laws. These statements relate to future events or the Company's future performance. All statements other than statements of historical fact may be forward-looking statements. The use of any of the words "estimate", "will", "would", "believe", "plan", "expected", "potential", and similar expressions are intended to identify forward-looking statements. In particular, and without limiting the foregoing, this news release contains forward-looking statements with respect to: the potential that the contingent value rights will result in an additional cash payment to Shareholders; the timing for closing of the Arrangement.