Receipt received for Final Short form prospectus Receipt issued from the OSC. Now on SEDAR.
Yesterday we could not do a transaction for another ETC acquisition. Now with the base shelf prospectus in place and confirmed, we can now do a deal. There are no regulatory barriers.
I also assume we wouldn't have applied for this if we also didn't line up investors.
Increases the odds of a new acquisition before or at the next quarterly meeting. Again, hopefully timed with the increased cash on hand from the three wireless agreements this quarter.
This would be a major catalyst in transforming the company into 75% of revenue from ITS and demonstrating in a very concrete way the strategy to fund the ITS buildout with WiLan cash flow.
Also, the fact that Quarterhill has not updated their website to include ETC as a company owned asset suggests that another acquisition is in the works.