Welcome to our dedicated page for Westaim Corporation news (Ticker: WEDXF), a resource for investors and traders seeking the latest updates and insights on Westaim Corporation stock.
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The Westaim has filed meeting materials for a special shareholders meeting scheduled for December 19, 2024. Due to Canada Post labor disruption, shareholders are encouraged to access materials online. The meeting will address four key resolutions: 1) A special resolution for share consolidation and jurisdiction change to Delaware, 2) Approval of US$250 million private placement by CC Capital Partners affiliate, 3) Arena Reorganization approval, and 4) New Equity Incentive Plan adoption. The board unanimously recommends shareholders vote FOR all resolutions. BMO Nesbitt Burns provided a fairness opinion supporting the transactions.
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