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Thunderbird Entertainment Group Announces AGM Postponement
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Thunderbird Entertainment Group (TSXV: TBRD, OTCQX: THBRF) announced the postponement of its Annual General Meeting (AGM) originally set for December 6, 2022. The new AGM date is expected to be no later than March 6, 2023, as the company seeks to review a shareholder's announcement made on November 4, 2022, regarding a nomination of new directors by Voss Capital LLC. Shareholders are advised that no action is required from them at this time.
Positive
Postponement allows the company to consider shareholder input regarding new director nominations.
New AGM date planned by March 6, 2023, potentially increasing investor engagement.
Negative
Uncertainty from the shareholder nomination process may create instability in company governance.
VANCOUVER, British Columbia--(BUSINESS WIRE)--
Thunderbird Entertainment Group Inc. (TSXV: TBRD, OTCQX: THBRF) (Thunderbird or the Company) today announced that its Annual General Meeting (“AGM ”) previously scheduled for December 6, 2022 will be postponed. The Company has applied to the British Columbia Registrar of Companies for an extension and intends to hold its AGM not later than March 6, 2023.
The postponement will allow Thunderbird to properly consider the announcement on November 4, 2022 by a shareholder, Voss Capital LLC, stating its intention to nominate a slate of new directors for Thunderbird. Thunderbird is reviewing this announcement and will determine next steps, including a new date for the AGM, in due course. In the meantime, there is no need for shareholders to take any action.
For information on Thunderbird and to subscribe to the Company’s investor list for news updates, go to www.thunderbird.tv.
ABOUT THUNDERBIRD ENTERTAINMENT GROUP Thunderbird Entertainment Group is a global award-winning, full-service multiplatform production, distribution and rights management company, headquartered in Vancouver, with additional offices in Los Angeles, Toronto, and Ottawa. Thunderbird creates award-winning scripted, unscripted, and animated programming for the world’s leading digital platforms, as well as Canadian and international broadcasters. Thunderbird’s vision is to produce high quality, socially responsible content that makes the world a better place. The Company develops, produces, and distributes animated, factual, and scripted content through its various content arms, including Thunderbird Kids and Family (Atomic Cartoons), Thunderbird Unscripted (Great Pacific Media), formerly known as Thunderbird Factual, and Thunderbird Scripted. Productions under the Thunderbird umbrella include The Last Kids on Earth, Molly of Denali, Highway Thru Hell and Kim’s Convenience, among others. The Company also has a team dedicated to global distribution and consumer products. Thunderbird is on Facebook, Twitter, and Instagram at @tbirdent. For more information, visit: www.thunderbird.tv.
SOURCE Thunderbird Entertainment Group Inc.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility of the adequacy or accuracy of this release, which has been prepared by management.