Dash Capital Corp. and Simply Solventless Concentrates Ltd. announced that Dash, SSC, and Dash Subco (as defined below) have entered into a sixth amending agreement to the Amalgamation Agreement (as defined below) dated June 15, 2023 (the “Sixth Amending Agreement“) in connection with the Qualifying Transaction (as defined in TSX Venture Exchange (“TSXV“) policies) of Dash (the “Transaction“).
Sixth Amending Agreement
Dash, SSC and 2366191 Alberta Ltd. (“Dash Subco“), a wholly owned subsidiary of Dash, entered into an amalgamation agreement dated August 6, 2021 (the “Amalgamation Agreement“), as amended effective December 31, 2021, May 31, 2022, November 21, 2022, February 13, 2023, and March 31, 2023, which sets forth the terms and conditions of the business combination, which will constitute the Transaction.
On June 15, 2023, Dash, SSC, and Dash Subco entered into the Sixth Amending Agreement to, among other things, extend the outside date of the Transaction to August 15, 2023. A copy of the Amalgamation Agreement and subsequent amendments to the Amalgamation Agreement, including the Sixth Amending Agreement, have been filed on Dash’s SEDAR profile and are available for viewing at www.sedar.com.
Upon completion of the Transaction, it is intended that Dash (the “Resulting Issuer“) will continue SSC’s business in the cannabis industry. Details of the Transaction, including the amount and type of proposed consideration, were previously disclosed in the news releases of Dash dated June 11, 2021, August 9, 2021, February 3, 2022, March 16, 2022, July 6, 2022, July 21, 2022, November 29, 2022, February 16, 2023, and April 27, 2023.
The completion of the Transaction is subject to a number of conditions precedent, including, but not limited to, the satisfaction or waiver of closing conditions customary to transactions of the nature of the Transaction, obtaining all requisite shareholder and corporate approvals, approvals of all regulatory bodies having jurisdiction in connection with the Transaction, and the final approval of the TSXV, including the satisfaction of its initial listing requirements. There can be no assurance that the Transaction will be completed as proposed or at all. A filing statement in respect of the Transaction will be prepared in accordance with the requirements of the TSXV and will be filed under Dash’s issuer profile on SEDAR at www.sedar.com.
About Dash Capital Corp.
Dash is a public company incorporated under the Business Corporations Act (Alberta). Dash’s principal business is the identification and evaluation of assets or businesses with a view to completing a Qualifying Transaction. Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative.
About Simply Solventless Concentrates Ltd.
SSC is a private company incorporated under the Business Corporations Act (Alberta). SSC’s mission is to provide pure, potent, terpene-rich solventless concentrates to discerning cannabis consumers. For more information regarding SSC, please see www.simplysolventless.ca.
