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On July 6, 2021, JC Data Solutions, Inc. (OTC: JCDS) announced the completion of its acquisition by TerraData.ai through an all-cash merger. Each share of JCDS common stock was converted to $0.0012 in cash, resulting in JCDS becoming a private, wholly owned subsidiary of TerraData.ai. The shares of JCDS will no longer be listed on OTC markets. JC Data Solutions has been recognized for its services that have significantly benefited the oil and gas sector, particularly through its Payment Manager service.
JC Data Solutions has announced the approval of its merger with a subsidiary of TerraData.ai, with approximately 59% of shareholders voting in favor. This transaction will convert JCDS into a wholly owned subsidiary of TerraData.ai, effective July 6, 2021. Each JCDS share will receive $0.0012 in cash, excluding dissenting shareholders. The decision also included an amendment to JCDS's certificate, necessary for the merger's completion.
JC Data Solutions (OTC: JCDS) has scheduled a special shareholder meeting on June 30, 2021, at 9:30 a.m. to vote on a proposed acquisition by TerraData.ai. The merger, which was initially announced on May 20, 2021, is an all-cash transaction. Shareholders must approve the deal for it to proceed, with the merger expected to close in Q3 2021, pending customary closing conditions.
JC Data Solutions, Inc. (OTC: JCDS) has announced a definitive merger agreement with TerraData.ai, where TerraData.ai will acquire JCDS in an all-cash transaction. Shareholders will receive $0.0012 per share, and the merger is subject to approval from a majority of JCDS's shareholders. Cary Allen, CEO of JCDS, has pledged to vote in favor, representing approximately 57% of JCDS's voting power. The transaction is anticipated to close in Q2 2021, turning JCDS into a private subsidiary of TerraData.ai, a leader in real property data and insights.
