Engagement shareholders approve DGTL Holdings deal
2022-02-17 19:09 ET - News Release
See News Release (C-EL) Engagement Labs Inc (3)
Mr. John Belfontaine of DGTL Holdings reports
ENGAGEMENT LABS ANNOUNCES FINAL APPROVAL OF PLAN OF ARRANGEMENT WITH DGTL HOLDINGS -- MERGER ANTICIPATED TO CLOSE ON FEBRUARY 25, 2022
At the annual general and special meeting of shareholders of Engagement Labs Inc., held Feb. 14, 2022, over 98 per cent of the votes cast on the proposed plan of arrangement between Engagement Labs and DGTL Holdings Inc. voted in favour of the arrangement. The Ontario Superior Court of Justice (Commercial List) issued a Final Order on February 16, 2022 allowing the Arrangement to proceed. Engagement Labs and DGTL Holdings are in the process of filing final documentation with the TSX Venture Exchange ("TSX-V") in order to give effect to the merger for trading purposes. Upon confirmation from the TSX-V that the additional common shares of DGTL ("DGTL Holdings Shares") issuable to Engagement Labs Shareholders may be issued, the outstanding common shares of Engagement Labs ("Engagement Labs Shares") will be exchanged for DGTL Holdings Shares on the basis of one DGTL Holdings Share for every 8.803 Engagement Labs Share held. It is anticipated that the Engagement Labs Shares will be delisted from the TSX-V following the completion of the Arrangement, which the parties anticipate will occur on February 25, 2022. Shareholders of Engagement Labs will be required to file a Letter of Transmittal with Computershare Investor Services Inc. in order to receive the DGTL Holdings Shares to which they are entitled. Registered shareholders received the Letter of Transmittal by mail. Shareholders that hold their Engagement Labs Shares through an intermediary (i.e., broker) should contact their broker for to confirm that the DGTL Holdings Shares issued in exchange for their Engagement Labs Shares have been deposited into their brokerage account. Shareholders should allow three business days from the delisting date to confirm the deposit of such shares. Registered Engagement Labs Shareholders requiring assistance to exchange their Engagement Labs Shares for DGTL Holdings Shares may contact Computershare for assistance at 1800-564-6253.
About DGTL Holdings Inc.
DGTL Holdings Inc. acquires and accelerates transformative digital media, marketing and advertising software technologies, powered by Artificial Intelligence (AI). DGTL (i.e. Digital Growth Technologies and Licensing) specializes in accelerating commercialized enterprise level SaaS (software-as-a service) companies in the sectors of content, analytics and distribution, via a blend of unique capitalization structures. DGTL Holdings Inc. is traded on the Toronto Venture Exchange as "DGTL", the OTCQB exchange as "DGTHF", and the Frankfurt Stock Exchange as "A2QB0L". For more information, visit: www.dgtlinc.com.
HASHOFF LLC
As a wholly owned subsidiary of DGTL Holdings Inc., Hashoff is an enterprise level self-service CaaS (content-as-a-service) built on proprietary Artificial Intelligence and Machine Learning (AI-ML) technology. Hashoff's AI-ML platform functions as a full-service content management system, designed to empower global brands by identifying, optimizing, engaging, managing, and tracking top-ranked digital content publishers for localized brand marketing campaigns. Hashoff is fully commercialized and currently serves numerous global brands by providing direct access to the global gig-economy of over 150 million freelance content creators.
Hashoff's customer portfolio includes global brands in a range of key growth categories, including Anheuser Busch-InBev, Nestle, Post Holdings, Danone and Keurig-Dr. Pepper, Dunkin Brands, The Container Store, TJ Maxx, Ulta Beauty and Pizza Hut Live Nation, The CW, Scribd, Syneos Health and Novartis, etc. Learn more by visiting: https://dgtlinc.com/technology.
About Engagement Labs Inc.
Engagement Labs (TSXV: EL) is an industry-leading data and analytics firm that provides social intelligence for Fortune 500 brands and companies.
The Company's TotalSocial platform focuses on the entire social ecosystem by combining powerful online (social media) and offline (word of mouth) data with predictive analytics. Engagement Labs has a proprietary ten-year database of unique brand, industry and competitive intelligence, matched with its cutting-edge predictive analytics that use machine learning and artificial intelligence to reveal the social metrics that increase marketing ROI and top line revenue for its diverse group of clients.
We seek Safe Harbor.
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ps... the manipulation is likely tied to these delays.. better days ahead...