Independent Proxy Advisory Firms, ISS and Glass Lewis, Recommend CloudMD Shareholders Vote FOR the Proposed Go-Private Transaction with CPS Capital

Core Viewpoint - CloudMD Software & Services Inc. has received recommendations from leading independent proxy advisory firms ISS and Glass Lewis to vote "FOR" the proposed go-private transaction with 1480775 B.C. Ltd., an affiliate of CPS Capital LP, highlighting the strategic and financial benefits of the Arrangement [13][14][6]. Company Overview - CloudMD is a North American healthcare service provider focused on empowering healthier living through advanced technology and a national network of healthcare professionals [4][10]. - The company offers health and productivity tools to hospitals, clinics, and other healthcare service providers to enhance care delivery [11]. Meeting and Voting Details - A special meeting for securityholders will be held on June 27, 2024, at 10:00 a.m. (Toronto time) via audio webcast [16]. - Securityholders are encouraged to read the management information circular dated May 29, 2024, and vote before the proxy deadline of June 25, 2024, at 10:00 a.m. [7][8]. Advisory Firm Recommendations - The ISS report emphasizes that the Arrangement provides certain and immediate value to investors, which may not have another opportunity for liquidity [6]. - Both ISS and Glass Lewis's endorsements validate the belief that the Arrangement is in the best interests of shareholders [14]. Board Recommendation - The board of directors of CloudMD unanimously recommends that shareholders and optionholders vote "FOR" the Arrangement [15].